Madras HC Quashes GST Order on Corporate Guarantee for Ignoring CBIC Circulars

Shri Amman Steel and Allied Industries Private Limited Vs State Tax Officer – V (Roving Squad) (Madras High Court) The case of Shri Amman Steel and Allied Industries Private Limited Vs State Tax Officer – V (Roving Squad) concerns a writ petition challenging an order that levied Goods and Services Tax (GST) on the furnishing of a corporate guarantee by the petitioner in favor of a related party, M/s. Shri Amman Steel and Allied Industries Private Limited. Petitioner’s Stance and Assessing Officer’s Order The writ petitioner’s specific stand was that they did not receive a...