Seeks to insert explanation in an entry in Notification No. 38/1/2017-Fin(R&C)(12/2017-Rate) dated 30th June 2017 - 38/1/2017-Fin(R&C)(23/2018-Rate) - Goa SGST
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Government ownership threshold clarifies exemption eligibility when an entity is majority-owned directly or through a wholly owned intermediary. An Explanation is inserted to clarify that, for the purpose of the exemption in the notification, the Central Government, State Government or Union territory shall have 50 per cent. or more ownership in the entity directly or through an entity which is wholly owned by the Central Government, State Government or Union territory.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government ownership threshold clarifies exemption eligibility when an entity is majority-owned directly or through a wholly owned intermediary.
An Explanation is inserted to clarify that, for the purpose of the exemption in the notification, the Central Government, State Government or Union territory shall have 50 per cent. or more ownership in the entity directly or through an entity which is wholly owned by the Central Government, State Government or Union territory.
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