Government ownership exemption clarified for GST entities through an inserted explanation on ownership threshold. An explanation is inserted to clarify the scope and applicability of the substituted exemption entry. For the purpose of the exemption, the Central Government, State Government or Union territory must have 50 percent or more ownership in the entity, either directly or through a wholly owned entity. The clarification operates within the Uttarakhand Goods and Services Tax framework and is directed to the existing exemption entry.
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 exemption clarified for GST entities through an inserted explanation on ownership threshold.
An explanation is inserted to clarify the scope and applicability of the substituted exemption entry. For the purpose of the exemption, the Central Government, State Government or Union territory must have 50 percent or more ownership in the entity, either directly or through a wholly owned entity. The clarification operates within the Uttarakhand Goods and Services Tax framework and is directed to the existing exemption entry.
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