Delhi HC issues Notice: GST on Holding Company’s Corporate Guarantee to Subsidiary

Sterlite Power Transmission Ltd. Vs Union of India (Delhi High Court) Delhi HC issued notice to decide on the taxability of providing corporate guarantee by holding company to a subsidiary The Hon’ble Delhi High Court heard the case of Sterlite Power Transmission Ltd. v. Union of India [WP (C) 2966 of 2024] on February 28, 2024. The Petitioner has filed a writ petition for declaration to the effect that the activity of the holding company providing a Corporate Guarantee to a subsidiary should not be considered as supply of services taxable under Section 9 of the Central Goods and Services Ta...