Seeks to amend notification No. 2/2017-Central Tax (Rate) - Absolute Exemption from GST on supply of goods - 35/2017 - Central GST (CGST) Rate

GST exemptions expanded to include duty credit scrips and government-to-government supplies against grants, with brand-rights conditions.

Amendment adds Duty Credit Scrips to exempt items and exempts supplies by a Government Entity to governments or specified persons when consideration is received as grants. It defines Government Entity as a statutory or government-established body with ninety percent or more equity or control to perform functions entrusted by government. It requires that, where brand ownership and packing are by different persons, the brand owner file an affidavit relinquishing actionable claims on the brand and authorise the packer to print a statement on unit containers that the brand owner has voluntarily forgone such rights.