Seeks to insert explanation in an entry in notification No. 1136-F.T. dated 28.06.2017 by exercising powers conferred under section 11(3) of WBGST Act, 2017 - 1426-F.T. - West Bengal SGST
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Government ownership threshold for GST exemption clarified; majority government ownership, direct or via wholly owned entity, qualifies. An Explanation is inserted into notification No.1136-F.T. clarifying that for 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 Government. The amendment is made under sub section (3) of section 11 of the West Bengal GST Act and is deemed effective from 20th September, 2018.
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 for GST exemption clarified; majority government ownership, direct or via wholly owned entity, qualifies.
An Explanation is inserted into notification No.1136-F.T. clarifying that for 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 Government. The amendment is made under sub section (3) of section 11 of the West Bengal GST Act and is deemed effective from 20th September, 2018.
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