Government ownership requirement clarifies exemption applicability and imposes retrospective commencement for specified entities under GST law. An Explanation is inserted into Notification No.12/2017 State Tax (Rate) clarifying that, for the purpose of the referenced exemption, the Central Government, State Government or Union Territory must have 50 percent ownership in the entity directly or through an entity wholly owned by the Central Government, State Government or Union Territory; the insertion clarifies scope of entitlement and is made retrospective from 20 September 2018.
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Provisions expressly mentioned in the judgment/order text.
Government ownership requirement clarifies exemption applicability and imposes retrospective commencement for specified entities under GST law.
An Explanation is inserted into Notification No.12/2017 State Tax (Rate) clarifying that, for the purpose of the referenced exemption, the Central Government, State Government or Union Territory must have 50 percent ownership in the entity directly or through an entity wholly owned by the Central Government, State Government or Union Territory; the insertion clarifies scope of entitlement and is made retrospective from 20 September 2018.
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