Government Entity supply exemption clarified when funded by grants, with defined 'Government Entity' and retrospective effect. Amendments insert Schedule entries adding duty credit scrips and exempting supply of goods by a Government Entity where consideration is received as grants from government bodies; the Explanation is expanded to define Government Entity as a statutory or government-established authority, board or other body-including societies, trusts or corporations-with substantial government participation by equity or control to carry out functions entrusted by government or local authorities; the changes are made effective retrospectively.
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Provisions expressly mentioned in the judgment/order text.
Government Entity supply exemption clarified when funded by grants, with defined 'Government Entity' and retrospective effect.
Amendments insert Schedule entries adding duty credit scrips and exempting supply of goods by a Government Entity where consideration is received as grants from government bodies; the Explanation is expanded to define Government Entity as a statutory or government-established authority, board or other body-including societies, trusts or corporations-with substantial government participation by equity or control to carry out functions entrusted by government or local authorities; the changes are made effective retrospectively.
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