https://www.taxtmi.com/circulars?id=62957 The temporary lending of securities under the Securities Lending Scheme does not amount to disposal of securities, but the lending activity (lender charging a lending fee) and intermediary facilitation are taxable services. Lending is classifiable under heading 997119 at 18% GST. For 01.07.2017-30.09.2019 GST was payable by the lender under forward charge (IGST) subject to not duplicating earlier intra-state taxes; from 01.10.2019 tax liability shifts to the borrower under reverse charge (IGST). en-us Thu, 17 Oct 2019 00:00:00 +0530 Wed, 11 Feb 2026 15:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62957 The temporary lending of securities under the Securities Lending Scheme does not amount to disposal of securities, but the lending activity (lender charging a lending fee) and intermediary facilitation are taxable services. Lending is classifiable under heading 997119 at 18% GST. For 01.07.2017-30.09.2019 GST was payable by the lender under forward charge (IGST) subject to not duplicating earlier intra-state taxes; from 01.10.2019 tax liability shifts to the borrower under reverse charge (IGST). Circulars GST - States Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62957