GAIL India Gets ₹143 Crore GST Notice Over Corporate Guarantees - SAG Infotech Official Tax Blog

The Additional Commissioner of CGST, Delhi South Commissionerate, imposes an Order-in-Original on GAIL (India) Limited, the state-owned gas utility. It had asked for the Goods and Services Tax (GST) on corporate guarantees issued by the company to banks on behalf of its subsidiaries and joint ventures. On December 10 at 5:00 PM, an order was obtained that alleges that GAIL has not paid GST on corp…