Government ownership threshold clarified: entities with majority government ownership qualify for the exemption under the state notification. The Explanation clarifies that, for the exemption at serial number 41 of the cited notification, the Central Government, State Government or Union territory must have majority ownership in the entity either directly or through an entity wholly owned by the Central Government, State Government or Union territory, for the entity to qualify for the exemption under the Meghalaya Goods and Services Tax framework.
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Provisions expressly mentioned in the judgment/order text.
Government ownership threshold clarified: entities with majority government ownership qualify for the exemption under the state notification.
The Explanation clarifies that, for the exemption at serial number 41 of the cited notification, the Central Government, State Government or Union territory must have majority ownership in the entity either directly or through an entity wholly owned by the Central Government, State Government or Union territory, for the entity to qualify for the exemption under the Meghalaya Goods and Services Tax framework.
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