Shri Amman Steel and Allied Industries Private Limited Vs State Tax Officer
Date: October 5, 2025
Subject Matter
GST Order Set Aside For Non-Consideration of CBIC Circulars on Corporate Guarantee Valuation
Summary
The petitioner, a registered taxpayer, challenged an assessment order that levied GST, interest, and penalty on the service of providing a corporate guarantee in favor of a related party, M/s. Shri Amman Steel and Allied Industries Private Limited. T…
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT Heard both sides. 2. The writ petitioner furnished corporate guarantee in favour of a related party, namely, M/s. Shri Amman Steel and Allied Industries Private Limited. 3.The specific stand of the writ petitioner is that they did not receive any consideration for furnishing such corporate guarantee. However, the assessing officer held that supp…