Notification seeks to insert explanation in an entry in notification No. 12/2017-State Tax (Rate) by exercising powers conferred under section 11(3) of TSGST Act, 2017 - F.1-11(91)-TAX/GST/2018(Part-I) - 23/2018-State Tax (Rate) - Tripura SGST
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Government ownership threshold clarified for GST exemption; ownership directly or via wholly owned intermediary entity qualifies. The State Government, under section 11(3) of the Tripura SGST Act, inserts an Explanation into Notification No. 12/2017 to clarify that, for the specified exemption, the Central Government, State Government or Union territory must have 50 per cent. or more ownership in the entity either directly or through an entity 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 clarified for GST exemption; ownership directly or via wholly owned intermediary entity qualifies.
The State Government, under section 11(3) of the Tripura SGST Act, inserts an Explanation into Notification No. 12/2017 to clarify that, for the specified exemption, the Central Government, State Government or Union territory must have 50 per cent. or more ownership in the entity either directly or through an entity wholly owned by the Central Government, State Government or Union territory.
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