Insert the Explanation in the Notification No. 986/2017/9(120)/XXVII(8)/2017 dated 23rd November, 2017 - 925/2018/15(120)/XXVII(8)/2018/CTR-23 - Uttarakhand SGST

Government of Uttarakhand Finance Section-8 NOTIFICATION October 10, 2018 No. 925/2018/15(120)/XXVII(8)/2018/CTR-23 WHEREAS the State Government is satisfied that it is expedient so to do in public interest; Now THEREFORE, in exercise of the powers conferred by sub-section (3) of Section 11 of the Uttarakhand Goods and Services Tax Act, 2017 (Act no. 06 of 2017), on the basis of recommendations of the GST Council and on being satisfied that it is necessary so to do, for the purpose of clarifying the scope and applicability of the substituted entry in clause (e) of serial no. 1 of notification no. 986/2017/9(120)/XXVII(8)/2017 dated 23 rd November, 2017 of the Government of Uttarakhand Finance Section-8, the Governor is hereby pleased to allow to insert the following Explanation in the said entry, namely : - Explanation -For the purpose of this exemption , the Central Government, State Government or Union territory shall have 50 percent or more ownership in the entity directly or through an entity which is wholly owned by the Central Government State Government or Union territory. By Order, AMIT SINGH NEGI, Secretary