Seeks to insert explanation in an entry in Notification No. 12/2017 – State Tax (Rate) by exercising powers conferred under section 11(3) of MGST Act, 2017. - 23/2018-State Tax (Rate) - Maharashtra SGST
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Government ownership requirement clarified for exemption, allowing entities with majority government control to qualify under the specified notification. The government inserts an explanation into the relevant notification entry clarifying that, for the purpose of the exemption, 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 requirement clarified for exemption, allowing entities with majority government control to qualify under the specified notification.
The government inserts an explanation into the relevant notification entry clarifying that, for the purpose of the exemption, 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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