Discussions Forum | ||||
Home ![]() ![]() ![]() ![]()
A Public Forum.
Submit new Issue / Query
My Issues
My Replies
|
||||
Corporate Guarantee, Goods and Services Tax - GST |
||||
|
||||
Corporate Guarantee |
||||
Dear Sir, How to over come the accounting part of GST on corporate guarantee and do avail ITC in subsidiary company as per the Circular No 225/19/2024-gst dated 11/07/2024. Is corporate guarantee covered RCM under GST and claim as ITC. Please do the needful answer. Satyanarayan H M
Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Your query is incomprehensible. Kindly redraft. Thanks
If you are recipient of guarantee from an Indian entity then you are not liable to pay under RCM. You can claim ITC subject to other conditions inthe law. Account only the GST charged by the guarantor in your books and not the 1% amount mentioned in the invoice. Page: 1 |
||||