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of <h1>GST Exemption on State Loan Guarantees for PSUs Confirmed Under Entry No. 34A, Notification No. 12/2017-Central Tax (Rate.</h1> The circular addresses the applicability of GST on services provided by State Governments to their undertakings or Public Sector Undertakings (PSUs) through loan guarantees. It clarifies that such services are exempt from GST under Entry No. 34A of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. This exemption applies to services supplied by the Central Government, State Government, or Union territory when guaranteeing loans taken by their undertakings or PSUs from banking companies and financial institutions. Any difficulties in implementing this circular should be reported to the Board.
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