Central Tax Notifications (Rate)
CGST Notification rate 23/2018
| Title | Seeks to insert explanation in an entry in notification No. 12/2017 Central Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017. |
| Number | 23/2018 |
| Date | 20-09-2018 |
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In exercise of the powers conferred by sub-section (3) of section 11 of the
Central Goods and Services Tax Act, 2017 (12 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.12/2017- Central Tax (Rate), dated the
28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, SubSection
(i), vide number G.S.R. 691(E), dated the 28th June, 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 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.”.