Government Entity definition clarifies GST treatment for supplies by government entities against grants and adds duty credit scrips. Amendment adds a Schedule entry for Duty Credit Scrips (serial 122A, tariff 4907) and a Schedule entry treating supplies of goods by a government entity to governments or specified persons where consideration is received as grants. It further inserts a definition of 'Government Entity' to mean authorities, boards or other bodies (including societies, trusts, corporations) set up by statute or established by government with ninety percent or more participation by equity or control to carry out functions entrusted by government or local authority.
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Provisions expressly mentioned in the judgment/order text.
Government Entity definition clarifies GST treatment for supplies by government entities against grants and adds duty credit scrips.
Amendment adds a Schedule entry for Duty Credit Scrips (serial 122A, tariff 4907) and a Schedule entry treating supplies of goods by a government entity to governments or specified persons where consideration is received as grants. It further inserts a definition of "Government Entity" to mean authorities, boards or other bodies (including societies, trusts, corporations) set up by statute or established by government with ninety percent or more participation by equity or control to carry out functions entrusted by government or local authority.
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