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of <h1>Clarifications on GST: Bus Body Building, Tyre Retreading, PSLCs, Electricity Transmission, and State Loan Guarantees</h1> The circular provides clarifications on the Goods and Services Tax (GST) treatment for specific services. It states that bus body building involves both goods and services, and classification depends on the principal supply. Retreading of tyres is primarily a service, with rubber as an ancillary supply. Priority Sector Lending Certificates (PSLCs) are taxable as goods at 18% GST, later modified to 12% under a different classification. Electricity transmission by DISCOMS is GST-exempt, but other services like application fees and meter testing are taxable. State guarantees for loans are taxable under GST.
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