GST exemption on government loan guarantees reiterated for guarantees provided to government undertakings and public sector undertakings. The circular reiterates that services supplied by Central or State Government to their undertakings or public sector undertakings by way of guaranteeing loans are exempt from GST under the relevant exemption entry in the notification, and asks recipients to report implementation difficulties to the issuing office.
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Provisions expressly mentioned in the judgment/order text.
GST exemption on government loan guarantees reiterated for guarantees provided to government undertakings and public sector undertakings.
The circular reiterates that services supplied by Central or State Government to their undertakings or public sector undertakings by way of guaranteeing loans are exempt from GST under the relevant exemption entry in the notification, and asks recipients to report implementation difficulties to the issuing office.
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