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Global Business / The Economic Times

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HC grants interim relief on GST levy on corporate guarantees

The Punjab and Haryana High Court has provided interim relief to Panacea Biotec. The court has stayed any coercive action regarding Goods and Services Tax on corporate guarantees. This applies to guarantees issued before a recent amendment to the CGST Rules. The court is examining the retrospective application of GST.

4 Feb 2026 12:00 am