Government grants exemption: services by government entities to government recipients paid by grants now nil-rated under UTGST. The notification amends UTGST Rate provisions to add nil-rated entries for services: supply by a Government Entity to government recipients or persons specified by them where consideration is received as grants; supply by a goods transport agency to unregistered persons subject to specified exclusions; and services granting access to a road or bridge on payment of annuity. It also revises the description of upfront amounts for long-term leases of industrial or infrastructure-development plots by government-controlled development entities and defines 'Governmental Authority' and 'Government Entity' by statutory origin and ninety percent government participation criteria.
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Provisions expressly mentioned in the judgment/order text.
Government grants exemption: services by government entities to government recipients paid by grants now nil-rated under UTGST.
The notification amends UTGST Rate provisions to add nil-rated entries for services: supply by a Government Entity to government recipients or persons specified by them where consideration is received as grants; supply by a goods transport agency to unregistered persons subject to specified exclusions; and services granting access to a road or bridge on payment of annuity. It also revises the description of upfront amounts for long-term leases of industrial or infrastructure-development plots by government-controlled development entities and defines "Governmental Authority" and "Government Entity" by statutory origin and ninety percent government participation criteria.
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