Taxability of shareholding: holding shares in a subsidiary is not treated as a supply under GST and not taxable Holding of shares in a subsidiary by a parent company is not, by itself, a supply under section 7 of the APGST Act and therefore not taxable under GST. Securities, including shares, are neither goods nor services; SAC classification alone does not establish a taxable service, and purchase or sale of shares is not inherently a supply of goods or services.
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.
Taxability of shareholding: holding shares in a subsidiary is not treated as a supply under GST and not taxable
Holding of shares in a subsidiary by a parent company is not, by itself, a supply under section 7 of the APGST Act and therefore not taxable under GST. Securities, including shares, are neither goods nor services; SAC classification alone does not establish a taxable service, and purchase or sale of shares is not inherently a supply of goods or services.
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