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<h1>India Clarifies Tax Exemptions: 50% Government Ownership Required for Eligibility Under IGST Act Section 6(3.</h1> The Government of India, through the Ministry of Finance, issued Notification No. 24/2018-Integrated Tax (Rate) on September 20, 2018. This notification amends Notification No. 9/2017-Integrated Tax (Rate) by adding an explanation to clarify the scope and applicability of certain exemptions. Specifically, it states that for the purpose of the exemption, an entity must have 50% or more ownership by the Central Government, State Government, or Union territory, either directly or through a wholly-owned entity. This amendment is made under the authority granted by section 6(3) of the IGST Act, 2017.