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Taxability of Personal/Corporate Guarantees under GST


Taxabilityof personal and corporate guarantee under GST

Sir an Excellent explication on Personal Guarantee - a taxable Service under GST.

Learned Advocate has thoroughly examined the issue and wonderfully explained how the liability originates on Personal Guarantee under Sec 7 of GST and how it will come under the Definition of business under Sec 2 (17) and taxable supply

Sir thank you for the valuable input.

Raghavendra Rao
Advocate

srinivasan krishnamachari 24/12/2020

 

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