Seeks to insert Explanation in Notification No. 12/2017, issued in G.O. Ms. No. 110, Revenue (CT-II) Department, Dt.29-06-2017 - G.O. Ms. No. 50 - Telangana SGST

REVENUE DEPARTMENT ( CT-II ) CERTAIN AMENDMENTS TO THE TELANGANA GOODS AND SERVICES TAX ACT, 2017 (ACT.NO.23 OF 2017) STATE TAX - RATES OF TAX ON GOODS AND SERVICES. [ G.O. Ms. No. 50, Revenue (CT-II), 16th June, 2020 .] No. 23/2018 - State Tax (Rate) :- In exercise of the powers conferred by sub-section (3) of Section 11 of the Telangana Goods and Services Tax Act, 2017 (Act. No. 23 of 2017), the State 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 No. 12/2017, issued in G.O. Ms. No. 110, Revenue (CT-II) Department, Dt.29-06-2017, published in Telangana Gazette Part-I, Extraordinary No. 191/A, Dt. 30-06-2017, 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 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. . This notification shall deemed to have come into force with effect from 20th September, 2018. SOMESH KUMAR, Chief Secretary Special Chief Secretary to Government