Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Karnataka Clarifies GST Exemption on Loan Guarantee Services for State PSUs Per Entry No. 34A, Notification 12/2017.</h1> The Government of Karnataka's Department of Commercial Taxes issued a circular clarifying the applicability of GST on services provided by the State Government to its undertakings or Public Sector Undertakings (PSUs) for guaranteeing loans. The GST Council, in its 43rd meeting, confirmed that such services are exempt from GST under Entry No. 34A of Notification 12/2017. This exemption applies to services supplied by the Central or State Government to their undertakings or PSUs by way of loan guarantees from banking companies and financial institutions. Any implementation issues should be reported to the office of the Commissioner of Commercial Taxes.
TaxTMI 
TaxTMI 
