Government ownership threshold for GST exemption: majority ownership required directly or via wholly owned entity, clarified by notification. The State inserts an Explanation into the notification to define that for the exemption the Central Government, State Government or Union territory must have 50 per cent. or more ownership in the entity, either directly or through an entity wholly owned by the Central Government, State Government or Union territory.
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Provisions expressly mentioned in the judgment/order text.
Government ownership threshold for GST exemption: majority ownership required directly or via wholly owned entity, clarified by notification.
The State inserts an Explanation into the notification to define that for the exemption the Central Government, State Government or Union territory must have 50 per cent. or more ownership in the entity, either directly or through an entity wholly owned by the Central Government, State Government or Union territory.
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