GST on Corporate Guarantee Payable only Once Under Reverse Charge Mechanism: AAR [Read Order]

The matter before AAR specifically pertained to the issuance of Corporate Guarantee by an overseas entity
By Avinash Kurungot - On October 18, 2024 1:00 pm - 2 mins read
GST - Goods and Services Tax - AAR - Authority for Advance Ruling - GST on RCM - TAXSCAN

The Rajasthan Authority for Advance Ruling ( AAR ) in a recent matter ruled that Goods and Services Tax ( GST ) under Reverse Charge Mechanism ( RCM ) for the issuance of Corporate Guarantee is payable only once when the Guarantee is issued only once, being valid for a specified period of time. An…

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