The Central Government, empowered by the GST Act, clarifies the scope of certain tax exemptions.
An explanation is added to the notification regarding activities not considered as "business" for government bodies.
Effective from July 27, 2018, the clarification excludes activities of Central Government, State Government, or local authorities from the definition of business.
This move aims to prevent ambiguity and ensure smooth application of tax exemptions.
The notification seeks to streamline taxation procedures, benefiting both government entities and taxpayers.
The amendment ensures compliance while facilitating seamless operations for public authorities.
Such measures bolster transparency and efficiency in the GST framework, fostering a conducive business environment.