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<h1>Tripura Govt Circular Confirms GST Exemption on Loan Guarantees to PSUs Under Entry No. 34A of Notification 12/2017.</h1> The circular issued by the Government of Tripura clarifies the applicability of GST on services provided by the State Government to its undertakings or Public Sector Undertakings (PSUs) through loan guarantees. Following the GST Council's 43rd meeting, it was confirmed that such services are exempt from GST under Entry No. 34A of Notification No. 12/2017-Central Tax (Rate). This exemption applies to services supplied by the Central or State Government to their undertakings or PSUs when guaranteeing loans from banking companies and financial institutions. The circular aims to ensure uniform implementation of this exemption across various jurisdictions.