Manappuram Finance Ltd. Vs Union of India
Date: July 28, 2024
Court: High Court
Bench: Kerala
Type: Writ Petition
Judge(s)/Member(s): GOPINATH P
Subject Matter
No GST is leviable on Director’s Personal Guarantee and Loan Extensions.
Summary
The case involves a writ petition examining whether GST is applicable on two specific transactions involving a company and its director as well as a subsidiary: 1. **Personal Guarantee by Director**: The first issue revolves around whether the…
FULL TEXT OF THE JUDGMENT/ORDER OF KERALA HIGH COURT The issues raised in this writ petition appear to be covered in favour of the petitioner in the light of clarifications issued vide Circular No. 204/16/2023-GST dated October 27, 2023 , and also by Circular No. 218/12/2024-GST dated June 26, 2024 , issued by the GST Policy Wing, Central Board of Indirect Taxes and Customs, Department of Revenue,…