GSTIGST (Rates)Notifications

Exemption Under GST – Explanation in an entry in Notification No. 12/2017 – Integrated Tax (Rate) inserted

GST on services - Inter-state supplies

Notification No. 24/2018-Integrated Tax (Rate); Dated: 20.09.2018

G.S.R……(E).- In exercise of the powers conferred by sub-section (3) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary so to do for the purpose of clarifying the scope and applicability of the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 9/2017- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub Section (i), vide number G.S.R. 684(E), dated the 28th June, 2017, hereby inserts the following Explanation in the said notification, in the Table, against serial number 43, in column (3), namely:-

“Explanation.- For the purpose of this exemption, the Central Government, State Government or Union territory shall have 50 per cent. or more ownership in the entity directly or through an entity which is wholly owned by the Central Government, State Government or Union territory.”.

[F. No.354/300/2018-TRU]

(Mohit Tewari)
Under Secretary to the Government of India

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