Ownership threshold requires predominant government ownership for exemption under the state tax notification. The Explanation inserted into Notification No.12/2017-State Tax (Rate) specifies that, for the exemption at serial number 41, 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, thereby clarifying the scope and applicability of that 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.
Ownership threshold requires predominant government ownership for exemption under the state tax notification.
The Explanation inserted into Notification No.12/2017-State Tax (Rate) specifies that, for the exemption at serial number 41, 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, thereby clarifying the scope and applicability of that exemption.
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