G.S.R (E).- In exercise of the powers conferred by sub-section (3) of section 11of the CentralGoods and Services Tax Act, 2017 (12of 2017),the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary so to dofor the purpose of clarifying the scope and applicability ofthe notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.12/2017-CentralTax (Rate), dated the 28thJune, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), videnumber G.S.R. 691(E), dated the 28thJune, 2017, hereby inserts the following Explanation in the said notification, in the Table, against serial number 41, in column (3), namely:-

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

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

(Mohit Tewari)
Under Secretary to the Government of India

Note: -The principal notification No. 12/2017 –CentralTax(Rate), dated the 28thJune, 2017was published in the Gazette of India, Extraordinary, vide number G.S.R. 691(E), dated the 28thJune, 2017 and was last amended by notification No. 14/2018-Central Tax (Rate),dated the 26thJuly, 2018 vide number G.S.R. 678(E), dated the 26thJuly, 2018.