Prima facie corporate guarantee by holding firm to subsidiary not a taxable supply: HC.

The High Court allowed time for respondents to challenge a circular dated October 27, 2023, and addressed the petitioner's argument that a corporate guarantee provided by a holding company to its subsidiary is not considered a "supply" or "supply of service" under Section 9 of the CGST Act, 2017. The court temporarily stayed the implementation of the circular concerning Item No. 2 until further notice. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X