The circular, issued in October by the Central Board of Indirect Taxes and Customs (CBIC), has been stayed via an interim order. The circular had held that a corporate guarantee provided by a holding company to a lender for the approval of credit to its subsidiary would be regarded a supply of service liable to GST.
India Business News: The finance ministry has introduced an amnesty scheme for filing appeals against Goods and Services Tax (GST) demand orders. The scheme will be open u
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