Remuneration to a director for providing corporate guarantee to be taxed under GST

Remuneration or consideration received, directly/indirectly by a serving or separated director, for providing corporate guarantee will be treated as taxable value for GST, the Central Board of Indirect Taxes & Customs (CBIC) has said. This is part of a clarificatory circular, sent by CBIC to its field formations, for implementation of GST Council’s recommendations pertaining to taxabilit…