Delhi HC issued notice to decide on the taxability of providing corporate guarantee by holding company to a subsidiary
Last updated: 24 April 2024
Court :
Delhi High Court
Brief :
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 Tax Act, 2017 ("the CGST Act").
Citation :
WP (C) 2966 of 2024] on February 28, 2024
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Bimal Jain
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