GAIL India Receives ₹143 Crore GST Demand on Corporate Guarantees Issued to Subsidiaries
GAIL (India) Limited, the state-owned natural gas major, has received a significant GST demand from the tax authorities, bringing corporate guarantees under fresh regulatory scrutiny. The Additional Commissioner of CGST, Delhi South Commissionerate, has passed an Order-in-Original raising a GST demand on corporate guarantees issued by GAIL to banks on behalf of its subsidiaries and … Read more