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Corporate Guarantees and the Constitutional Limits of GST Valuation

2026-08-18

Introduction In Torrent Power Ltd. v. Union of India & Ors. Decided on 14 August 2026 (SCA/12175/2024), the Gujarat High Court examined the GST treatment of corporate guarantees furnished between related persons without consideration. The Court held that such guarantees can constitute a taxable supply under Schedule I of the CGST Act even where no…

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