Gujarat HC Restrains GST Order on Corporate Guarantee Dispute Pending Constitutional Challenge

Torrent Investment Pvt. Ltd. Vs Union of India & Ors. (Gujarat High Court) Gujarat High Court Restrains Final GST Order on Corporate Guarantee Dispute Due to Pending Constitutional Challenge The Gujarat High Court heard a writ petition challenging Rule 28(2) of the CGST/GGST Rules, 2017 and Circulars dated 27.10.2023 and 11.07.2024 relating to levy of GST on corporate guarantees issued by a holding company on behalf of its subsidiaries. The petitioner initially sought to challenge Section 7(1)(c) of the GST Acts read with Schedule I as ultra vires Article 246A of the Constitution but state...