Seeks to insert explanation in an entry in notification No. 12/2017 (Rate) by exercising powers conferred under section 11(3) of Assam GST Act, 2017. - 18/2018-GST-FTX.56/2017/Pt-III/161 - Assam SGST
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Government ownership requirement clarifies exemption eligibility for entities owned directly or through wholly owned entities. An Explanation was inserted into Notification No.12/2017 to clarify that, for the relevant exemption, the Central Government, State Government or Union territory must have majority ownership in the entity, either directly or through an entity wholly owned by that government; the insertion is effective from 20 September 2018.
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.
Government ownership requirement clarifies exemption eligibility for entities owned directly or through wholly owned entities.
An Explanation was inserted into Notification No.12/2017 to clarify that, for the relevant exemption, the Central Government, State Government or Union territory must have majority ownership in the entity, either directly or through an entity wholly owned by that government; the insertion is effective from 20 September 2018.
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