Government Entity supply exemptions: services to governments funded by grants are nil-rated, with new definitions and exclusions. The notification amends the State GST rate schedule to broaden the recipient description to include Central Government, State Government, Union territory, local authority or Governmental Authority; introduces nil-rate entries for supplies by a Government Entity to governments or specified persons funded by grants, for goods transport agency services to unregistered persons except listed recipients, and for access to road or bridge on annuity; clarifies upfront charges for long-term leases by government-controlled development entities; and revises definitions of Governmental Authority and Government Entity requiring ninety per cent or more government participation.
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Government Entity supply exemptions: services to governments funded by grants are nil-rated, with new definitions and exclusions.
The notification amends the State GST rate schedule to broaden the recipient description to include Central Government, State Government, Union territory, local authority or Governmental Authority; introduces nil-rate entries for supplies by a Government Entity to governments or specified persons funded by grants, for goods transport agency services to unregistered persons except listed recipients, and for access to road or bridge on annuity; clarifies upfront charges for long-term leases by government-controlled development entities; and revises definitions of Governmental Authority and Government Entity requiring ninety per cent or more government participation.
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