Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 24/2018- Central Tax (Rate)
New Delhi, the 20th September, 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 28thJune, 2017
, published in the Gazette of India, Extraordinary, Part II, Section 3, SubSection
(i), vide number G.S.R. 684(E), dated the 28thJune, 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
Note: - The principal
notification No. 9/2017 - Integrated Tax(Rate), dated the 28th June, 2017
was published in the Gazette of India, Extraordinary, vide number G.S.R. 684 (E), dated the
28th June, 2017 and was last amended by
notification No. 15/2018-Integrated Tax (Rate), dated the 26th July, 2018
vide number G.S.R. 683(E), dated the 26th July, 2018.
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