Integrated Tax Notifications (Rate)
IGST Notification rate 24/2018
| Title | Seeks to insert explanation in an entry in notification No. 9/2017 Integrated Tax(R) by exercising powers conferred under section 6(3) of IGST Act, 2017. |
| Number | 24/2018 |
| Date | 20-09-2018 |
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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.”.
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