Corporate Guarantee

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..... 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 cov .....

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..... ered RCM under GST and claim as ITC. Please do the needful answer. Satyanarayan H M - Reply By RaamSrinivasan Kalpathi - The Reply = Your query is incomprehensible. Kindly redraft. Thanks - Reply By S .....

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..... hilpi Jain - The Reply = 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 .....

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..... charged by the guarantor in your books and not the 1% amount mentioned in the invoice. - Corporate Guarantee - Query Started By: - SATYANARAYAN MUDAKANNAVAR Dated:- 3-8-2024 Last Replied Date:- 6-8 .....

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..... -2024 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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