https://www.taxtmi.com/caselaws?id=786432 The authority examined whether guarantee commission paid by a State government undertaking to the state for loan guarantees is taxable under GST and, applying the exemption under the central tax notification as amended and the CBIC Circular clarification, concluded that guarantee commission paid to the State for guarantees given on issuance of bonds falls within the exemption for services by the State to its undertakings. The reasoning rests on the explicit scope of the notification and the CBIC clarification, and the outcome is that such guarantee commission is not subject to GST. en-us Fri, 19 Dec 2025 00:00:00 +0530 Thu, 12 Feb 2026 09:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786432 The authority examined whether guarantee commission paid by a State government undertaking to the state for loan guarantees is taxable under GST and, applying the exemption under the central tax notification as amended and the CBIC Circular clarification, concluded that guarantee commission paid to the State for guarantees given on issuance of bonds falls within the exemption for services by the State to its undertakings. The reasoning rests on the explicit scope of the notification and the CBIC clarification, and the outcome is that such guarantee commission is not subject to GST. Case-Laws GST Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786432