GST exemption on government guarantees: loan guarantees to undertakings and PSUs are covered by statutory exemption. Guarantee of loans by Central or State Governments to their undertakings or public sector undertakings for loans taken from banking companies and financial institutions is specifically exempt from goods and services tax under the exemption entry in the central rate notification; Tripura directs its tax officers to follow this Central clarification to ensure uniform implementation and to report any 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.
GST exemption on government guarantees: loan guarantees to undertakings and PSUs are covered by statutory exemption.
Guarantee of loans by Central or State Governments to their undertakings or public sector undertakings for loans taken from banking companies and financial institutions is specifically exempt from goods and services tax under the exemption entry in the central rate notification; Tripura directs its tax officers to follow this Central clarification to ensure uniform implementation and to report any difficulties.
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