GST exemption for government loan guarantees confirms state and central guarantees to public sector undertakings are not taxable. Services supplied by Central or State Governments to their undertakings or Public Sector Undertakings by way of guaranteeing loans from banking companies and financial institutions are exempt from GST under the relevant exemption entry; the GST Council reaffirmed that government guarantees of loans to their undertakings or PSUs fall within that exemption, and implementation difficulties may be brought to the Commissioner of State Tax.
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 for government loan guarantees confirms state and central guarantees to public sector undertakings are not taxable.
Services supplied by Central or State Governments to their undertakings or Public Sector Undertakings by way of guaranteeing loans from banking companies and financial institutions are exempt from GST under the relevant exemption entry; the GST Council reaffirmed that government guarantees of loans to their undertakings or PSUs fall within that exemption, and implementation difficulties may be brought to the Commissioner of State Tax.
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