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of <h1>Assam Circular Clarifies GST Exemption on State Loan Guarantee Services for PSUs per Entry 34A of Notification 12/2017.</h1> The circular from the Government of Assam clarifies the applicability of GST on services provided by the State Government to its undertakings or Public Sector Undertakings (PSUs) by guaranteeing loans. According to Entry No. 34A of Notification No. 12/2017, such services are exempt from GST. This clarification follows the GST Council's recommendation from its 43rd meeting. The circular emphasizes that it is for clarification purposes only and does not interpret the Act or rules. Any difficulties in implementing these instructions should be reported to the Commissioner promptly. The circular is effective from June 17, 2021.
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