GST exemption on government loan guarantees affirmed for guarantees to undertakings and public sector undertakings. Entry No. 34A exempts services supplied by Central Government, State Government or Union territory to their undertakings or Public Sector Undertakings by way of guaranteeing loans taken by such undertakings or PSUs from banking companies and financial institutions, and the circular reiterates that guaranteeing of loans by Central or State Government for their undertaking or PSU is specifically exempt under Entry No. 34A.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST exemption on government loan guarantees affirmed for guarantees to undertakings and public sector undertakings.
Entry No. 34A exempts services supplied by Central Government, State Government or Union territory to their undertakings or Public Sector Undertakings by way of guaranteeing loans taken by such undertakings or PSUs from banking companies and financial institutions, and the circular reiterates that guaranteeing of loans by Central or State Government for their undertaking or PSU is specifically exempt under Entry No. 34A.
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