In exercise of the powers conferred by sub-section (3) of section 11 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V 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 SRO-GST-12 dated 08th of July, 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".

This notification shall come into force w.e.f. 20th day of September, 2018.

By order of the Government of Jammu & Kashmir.

Sd/-

(Navin K. Choudhary), IAS

Principal Secretary to the

Government Finance Department