Government guarantee commission on bond issuances exempt from GST where State guarantees and commission is payable to the State government.

Government guarantee commission on bond issuances exempt from GST where State guarantees and commission is payable to the State government.Case-LawsGSTGuarantee commission paid by a State undertaking to the State government for guarantees on bonds falls w

Government guarantee commission on bond issuances exempt from GST where State guarantees and commission is payable to the State government.
Case-Laws
GST
Guarantee commission paid by a State undertaking to the State government for guarantees on bonds falls within the exemption under Entry No. 34A of Notification No. 12/2017-Central Tax (Rate), as amended, and is therefore not subject to GST. The Authority relied on the statutory entry's language and the CBIC clarification (Circular No.

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