Taxability of holding shares: mere holding of subsidiary equity is not a taxable supply absent a supply under law Holding shares in a subsidiary by a parent company is neither goods nor services and, absent an actual supply as defined in section 7 of the UPGST Act, cannot be treated as a taxable supply under GST; a SAC entry for holding companies is not determinative of taxability.
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Taxability of holding shares: mere holding of subsidiary equity is not a taxable supply absent a supply under law
Holding shares in a subsidiary by a parent company is neither goods nor services and, absent an actual supply as defined in section 7 of the UPGST Act, cannot be treated as a taxable supply under GST; a SAC entry for holding companies is not determinative of taxability.
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