Seeks to insert explanation in an entry in notification No F.NO.FIN/REV3/GST/1/(Pt-1) “O”,30th June,2017. - FIN/REV-3/GST/1/08 (Pt-1) (Vol.1)/264 - Nagaland SGST
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Majority ownership requirement clarified for GST exemption applicability, including indirect ownership via wholly owned intermediary. Inserts an Explanation into notification entry at serial number 41, column (3) clarifying that for the purpose of the exemption the Central Government, State Government or Union territory must have 50 per cent. or more ownership in the entity 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.
Majority ownership requirement clarified for GST exemption applicability, including indirect ownership via wholly owned intermediary.
Inserts an Explanation into notification entry at serial number 41, column (3) clarifying that for the purpose of the exemption the Central Government, State Government or Union territory must have 50 per cent. or more ownership in the entity directly or through an entity wholly owned by the Central Government, State Government or Union territory.
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