Services Exempted from Tax Clarifying the Scope and Applicability of the notification issued in G.O.Ms.No.588, Revenue (CT-II) Department, Dated:12.12.2017. - G.O.MS.No. 498 - Andhra Pradesh SGST
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Government ownership threshold clarified for GST exemption: majority stake directly or via wholly owned entity qualifies. The notification inserts an Explanation to clarify that, for the exemption at serial number 41, the Central Government, State Government or Union territory must hold majority ownership in the entity directly or indirectly through an entity that is wholly owned by the Central Government, State Government or Union territory, thereby defining the ownership structure that qualifies an entity for the specified GST exemption.
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: majority stake directly or via wholly owned entity qualifies.
The notification inserts an Explanation to clarify that, for the exemption at serial number 41, the Central Government, State Government or Union territory must hold majority ownership in the entity directly or indirectly through an entity that is wholly owned by the Central Government, State Government or Union territory, thereby defining the ownership structure that qualifies an entity for the specified GST exemption.
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