D P Jain & Co. Infrastructure Private Limited Vs Union of India (Bombay High Court)
Date: May 5, 2026
Subject Matter
Corporate Guarantees Without Consideration Not Taxable Service; Proceedings Quashed, Rule 28(2) Upheld
Summary
The High Court partly allowed the petition, quashing the show cause notice and summons initiated for non-payment of GST on corporate guarantees. The Court relied on the Supreme Court's precedent that corporate guarantees provided without consideratio…
FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT 1. Heard 2. Rule made returnable forthwith. Heard finally by the consent of learned Counsel appearing for the respective parties. 3. The Petitioner through this Petition challenging the proceedings initiated by the impugned Circular No.204/16/2023 dated 27.10.2023 and Circular No.225/19/2024-GST dated 11.07.2024 issued by the Respondent No.1/Min…