52nd GST Council likely to have agreed on 18% GST on Corp Guarantee by holding cos proposal & On personal guarantee by Promoters against bank loans

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52nd GST Council Meeting, Important News

As per recent tweet by CNBC-TV18, stated that the 52nd GST Council is likely to have agreed on 18% GST on Corp Guarantee by holding cos proposal and on personal guarantee by Promoters against bank loans.

  • GST Council Likely To Have Agreed On 18% GST On Corp Guarantee By Holding Cos Proposal
  • GST Council Likely To Have Agreed To Levy 18% GST On Personal Guarantee By Promoters Against Bk Loans
  • GST Council to come up with a detailed circular on the proposal

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Source from: https://twitter.com/CNBCTV18Live/status/1710555701133844717

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🔰 FREE Webinar On:

📢 “Important changes in GST Law w.e.f. October 1, 2023”

🗓️ Date : October 09, 2023, Monday

⏰ Time : 7:30 PM to 9:00 PM (IST)

🎤 Speaker : Adv Bimal Jain

🔖 Registration Link: 

https://zoom.us/webinar/register/WN_9T2fW11WRmimW4HiwWtNYQ

📝 Coverage:

✔️ New condition for Supply of services/goods to SEZ Developer/Unit
✔️ Input Tax Credit for CSR Expenses restriction
✔️ Input Tax Credit reversal under Rule 42 & Rule 43 with respect to Supplies from Bonded Warehouse
✔️ Filing returns/statements namely GSTR 1, GSTR 3B, TDS Statement, and Annual Return restriction
✔️ IGST applicability on Ocean Freight by the importer of goods
✔️ Can Suppliers of goods through an E-Commerce platform are eligible to opt for a composition scheme
✔️ Offenses have been decriminalized, and what is the new threshold amount for prosecution under GST Law
✔️ Important Changes under Online Gaming
✔️ Q&A and open discussion and many more

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