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<h1>Assam GST Act Update: Clarification on Exemption Requires 50% Government Ownership, Effective Retroactively from September 20, 2018.</h1> The Governor of Assam, under section 11(3) of the Assam GST Act, 2017, has issued a notification to clarify the scope and applicability of a previous notification (No. 12/2017) dated June 29, 2017. This amendment involves inserting an explanation regarding an exemption, specifying that the Central Government, State Government, or Union territory must hold 50% or more ownership in the entity, either directly or through a wholly owned entity. This clarification is effective retroactively from September 20, 2018.