Sblc or corporate guarantee provided by parent company to indian subsidiary - gst perspective
Category:
GST Articles
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Date: May 26, 2020
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The guarantor, who is a parent company agreeing to perform the legal obligation by taking over the payments of the loan if the subsidiary is unable to perform its obligation The lender, who is a banking company to whom the debt is owed The debtor, the subsidiary company receiving the money and who is responsible to pay back the loan. The act of providing a corporate guarantee is the service provided by the parent company to its subsidiary hence qualifies as an import of services and l
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