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of <h1>Madhya Pradesh clarifies GST exemption: Government must own 50%+ in entities for tax break applicability.</h1> The notification issued by the Madhya Pradesh Commercial Tax Department clarifies the scope and applicability of a previous notification dated June 30, 2017, under the Madhya Pradesh Goods and Services Tax Act, 2017. It introduces an explanation to the existing notification, specifying that for the purpose of the exemption mentioned, the Central Government, State Government, or Union Territory must hold 50 percent or more ownership in the relevant entity, either directly or through a wholly owned entity. This clarification is made under the authority of the State Government and on the recommendations of the Council.
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