TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Securities lending fee taxable under Himachal Pradesh GST at 18%; borrowers pay via reverse charge since Oct 2019.</h1> The circular clarifies the taxability of securities lending under the Securities Lending Scheme, 1997. Securities lending involves a lender providing securities to a borrower through an intermediary, with the borrower returning equivalent securities later. Under the Himachal Pradesh GST Act, securities are not considered goods or services, thus not taxable. However, the lending fee charged is considered taxable under GST at 18% since July 1, 2017. From October 1, 2019, borrowers are liable to pay GST under the reverse charge mechanism. The circular is effective from October 11, 2019, and addresses any implementation issues.
TaxTMI 
TaxTMI 
