Government guarantee services exempt from GST when supplied to state undertakings and public sector undertakings. Guarantees issued by Central or State Governments for loans taken by their undertakings or public sector undertakings are specifically exempt from GST under Entry No. 34A of Notification No. 38/1/2017-Fin(R&C)(12/2017-Rate), and the GST Council has recommended reiteration of this exemption; the Goa Commissioner of Commercial Taxes has issued a circular reaffirming this position and inviting reports of implementation difficulties.
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 guarantee services exempt from GST when supplied to state undertakings and public sector undertakings.
Guarantees issued by Central or State Governments for loans taken by their undertakings or public sector undertakings are specifically exempt from GST under Entry No. 34A of Notification No. 38/1/2017-Fin(R&C)(12/2017-Rate), and the GST Council has recommended reiteration of this exemption; the Goa Commissioner of Commercial Taxes has issued a circular reaffirming this position and inviting reports of implementation difficulties.
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