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Corporate Guarantee to Subsidiary Under GST Lens: Bombay HC to Decide
Case Law Details
- Case Name
- Atlanta Infra Assets Limited Vs Union of India and Others (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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Atlanta Infra Assets Limited Vs Union of India and Others (Bombay High Court)
The Bombay High Court heard a writ petition raising a limited but significant issue under the Central Goods and Services Tax Act: whether corporate guarantees furnished by a parent company to secure borrowings of its subsidiaries constitute a “supply” liable to GST. The petitioner had provided corporate guarantees amounting to ₹700 crore for Mora Tollways Limited and ₹170 crore for Atlanta Ropar Tollways Pvt. Ltd., and the issue arose from an Order-in-Original passed by State GST authorities....
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