12 Jul CBIC Retrospectively Amends Rule 28(2) of CGST Rules for Corporate Guarantee Valuation
CBIC has issued Notification No. 12/2024, amending Rule 28(2) of the CGST Rules, effective October 26, 2023. The amendment impacts the valuation of corporate guarantees provided by related parties, with specific provisions for exports and full input tax credit eligibility. ...