How GST Applies to Corporate Guarantee Transactions | Bresdel

How GST Applies to Corporate Guarantee Transactions

Posted 2025-01-15 12:05:48

138

A corporate guarantee is a legal commitment in which a guarantor undertakes to assume responsibility for another party's debts or obligations if the principal debtor fails to pay. It is a financial assurance offered by a parent firm to help its subsidiary secure credit facilities. While GST laws don’t define Corporate Guarantees, Section 126 of the Indian Contract Act, of 1872, explains the Contract of Guarantee as ensuring performance or liability discharge. Read the full blog on Corporate Guarantee to explore its significance and legal context in trade transactions!

Please log in to like, share and comment!

Sponsorluk

Admission Criteria for the Advance Diploma of Community Service

If you pursue the aAdvanced Diploma of Community Service course, you can apply for a rewarding...

By 2024-08-27 09:29:02 0 660

Specialty Medical Chairs Market Size, Share, Demand and Forecast 2024-2032

IMARC Group's report titled "Specialty Medical Chairs Market: Global Industry Trends, Share,...

By 2024-04-16 06:03:18 0 834

Auto77: แพลตฟอร์มออนไลน์สำหรับนักเสี่ยงโชคที่ไม่ควรพลาด

Auto77 คืออะไร? Auto77 คือเว็บไซต์การพนันออนไลน์ที่ได้รับความนิยมในประเทศไทย...

By 2025-02-01 12:05:40 0 119

Lord Shani Dev: शनिदेव की पूजा में किसका चढ़ाए प्रसाद

Lord Shani Dev: शनिदेव की पूजा में किसका चढ़ाए प्रसाद Lord Shani Dev: भगवान शनिदेव को न्याय का...

By 2024-02-08 11:24:44 0 1K

Switching Simplified: Your Manual for Picking a Cheap Electricity Provider in Adelaide

In the journey to bring down month-to-month expenses, finding affordable electricity in Adelaide...

By 2024-02-01 10:29:13 0 1K