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of <h1>Karnataka GST Notification Clarifies Exemption Criteria: Entities Must Have 50% Government Ownership for Benefits.</h1> The Government of Karnataka issued Notification No. FD 48 CSL 2017, dated 20th September 2018, under the Karnataka Goods and Services Tax Act, 2017. This notification clarifies the scope and applicability of a previous notification (12/2017) by inserting an explanation regarding exemptions. It specifies that for the purpose of this exemption, an entity must have 50% or more ownership by the Central Government, State Government, or Union territory, directly or through a wholly owned entity. This clarification was made on the recommendations of the Council and is published in the Karnataka Gazette.
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