https://www.taxtmi.com/circulars?id=70929 Bus body building and tyre retreading require classification as composite supplies by identifying the principal supply from the transaction's essential nature. Retreading is generally a service where the retreading process predominates, although retreaded tyres supplied from the supplier's own old tyres are goods. Priority Sector Lending Certificates are taxable goods, with input tax credit available to the purchasing bank. Electricity transmission or distribution is exempt, but ancillary consumer services are taxable. Government guarantees given to business entities for guarantee commission or other consideration are taxable. en-us Thu, 01 Mar 2018 00:00:00 +0530 Mon, 24 Aug 2026 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70929 Bus body building and tyre retreading require classification as composite supplies by identifying the principal supply from the transaction's essential nature. Retreading is generally a service where the retreading process predominates, although retreaded tyres supplied from the supplier's own old tyres are goods. Priority Sector Lending Certificates are taxable goods, with input tax credit available to the purchasing bank. Electricity transmission or distribution is exempt, but ancillary consumer services are taxable. Government guarantees given to business entities for guarantee commission or other consideration are taxable. Circulars GST - States Thu, 01 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70929