Corporate Guarantee

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..... Corporate Guarantee
Query (Issue) Started By: - SATYANARAYAN MUDAKANNAVAR Dated:- 3-8-2024 Last Reply Date:- 6-8-2024 Goods and Services Tax - GST
Got 2 Replies
GST
Dear Sir, How to over .....

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..... 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 .....

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..... 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 Shilpi Jain: The Reply: .....

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..... 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 guarant .....

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..... or in your books and not the 1% amount mentioned in the invoice.
Discussion Forum - Knowledge Sharing .....

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