Transaction in securities not taxable under GST as securities are excluded from goods and services definitions. Transactions in securities are not subject to GST because securities are expressly excluded from the statutory definitions of both goods and services, placing dealings in securities outside the taxable ambit of GST.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transaction in securities not taxable under GST as securities are excluded from goods and services definitions.
Transactions in securities are not subject to GST because securities are expressly excluded from the statutory definitions of both goods and services, placing dealings in securities outside the taxable ambit of GST.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.