Corporate Guarantees given by the Banks without consideration are not taxable supply of service for GST. Consideration is important to the GST levy and liability.
No Consideration, No GST on Corporate Guarantee
Judgment dated 7.5.2026 of the High Court of Bombay, Bench at Nagpur, in Writ Petition No.20876 of 2025 of M/s D.P. Jain & Company Infrastructure Private Limited Vs. Union of India and others.
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