GST on Corporate Guarantee: One-time vs Periodical Charge

In re Green Infra Wind Farm Assets Limited (GST AAR Rajasthan) In the case of In re Green Infra Wind Farm Assets Limited, the Rajasthan GST Authority for Advance Rulings (AAR) examined the taxability of corporate guarantees issued by foreign group companies for loans taken by the applicant, Green Infra Wind Farm Assets Limited. The company, involved in renewable energy development, sought clarity on whether GST under the reverse charge mechanism (RCM) is payable once or periodically on such guarantees. The foreign group company provided the guarantees without charging any consideration, raisin...