Taxability Of Personal And Corporate Guarantee Under GST

This ERGO intends to incapsulate recent clarification issued by Central Board of Indirect Tax & Customs (CBIC) with respect to taxability of personal and corporate guarantee provided to a Company under Goods and Services Tax (GST) law. In a recent circular, following clarifications have been provided: A. Taxability of personal guarantee by directors: Directors / promoters / employees and the C…