GST rules for corporate guarantees likely to be updated: Report
According to a Moneycontrol report, the Central Board of Indirect Taxes and Customs is planning to release a circular in the next few months to update or clarify how GST is valued for corporate guarantees. This move is designed to reduce financial strain on firms that are currently unable to claim input tax credit on the 18% GST they pay. These adjustments are being made to provide a more equitable system for businesses.
by shortkt.com✓