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4.2.14

Ministry of Finance changes the definition of ‘Governmental Authority’.


Old definition


“Governmental authority’’ means a board, or an authority or any other body established with 90% or more participation by way of equity or control by Government and set up by an Act of the Parliament or a State Legislature to carry out any function entrusted to a municipality under article 243W  of the Constitution;  

New definition 

The recent Notification No. 02/2014 - Service Tax by Ministry of Finance (Department of Revenue), Government of India, amended the definition in the following manner-
“Governmental authority” means an authority or a board or any other body;

(i)  set up by an Act of Parliament or a State Legislature; or

(ii) established by Government, with 90% or more participation by way of equity or control, to carry out any function entrusted to a municipality under article 243W of the Constitution;’.

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