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GST - Highlights / Catch Notes

Home Highlights January 2025 Year 2025 This

The HC granted time to the respondents to file a reply ...


High Court Stays Circular on Corporate Guarantee; Not a "Supply" u/s 9 of CGST Act, 2017.

January 11, 2025

Case Laws     GST     HC

The HC granted time to the respondents to file a reply challenging the circular dated 27.10.2023 and the petitioner's contention that providing a corporate guarantee by a holding company to its subsidiary does not constitute a "supply" or "supply of service" taxable u/s 9 of the CGST Act, 2017. The HC stayed the operation of the impugned circular dated 27.10.2023 regarding Item No. 2 until further orders.

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