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The circular, issued in October by the Central Board of Indirect Taxes and Customs (CBIC), has been stayed via an interim order. The circular had held that a corporate guarantee provided by a holding company to a lender for the approval of credit to its subsidiary would be regarded a 'supply of service' liable to GST.
The Punjab and Haryana High Court has stayed the circular issued by the Central Board of Indirect Taxes and Customs (CBIC) concerning the taxability of corporate guarantees.The bench of Justice...
UK Home Secretary James Cleverly spoke of harnessing the intellectual skills of India in handling global conflicts like the Gaza crisis at an event celebrating the UK-India partnership.
Calling the UK-India relationship a "force of good", British Home Secretary James Cleverly underscored the importance of the two countries working together for global peace.
Co-hosted by the Indian High Commission in the UK and Lord Jitesh Gadhia, the UK-India Parliamentary Lunch convened key players from the worlds of politics, business and finance over a sit-down lunch at the House of Lords to celebrate the growing ties between the two democracies.