Government loan guarantee exemption under GST affirmed, exempting guarantees to undertakings and PSUs from tax. Services consisting of government guarantees for loans taken by undertakings or Public Sector Undertakings from banking companies and financial institutions, when supplied by Central, State or Union territory governments, are exempt from GST; the exemption is reiterated and declared effective from the stated date, with implementation difficulties to be reported to the Commissioner.
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.
Government loan guarantee exemption under GST affirmed, exempting guarantees to undertakings and PSUs from tax.
Services consisting of government guarantees for loans taken by undertakings or Public Sector Undertakings from banking companies and financial institutions, when supplied by Central, State or Union territory governments, are exempt from GST; the exemption is reiterated and declared effective from the stated date, with implementation difficulties to be reported to the Commissioner.
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