https://www.taxtmi.com/circulars?id=63080 Lending of securities under the Securities Lending Scheme does not amount to disposal of securities and thus is not a supply of securities; however, the lending fee charged by the lender is consideration for a taxable service (taxable since 01.07.2017). Intermediaries' facilitation for commission is also taxable. The supply attracts GST at 18%. For 01.07.2017-30.09.2019 GST was payable by the lender under forward charge (IGST); from 01.10.2019 GST is payable by the borrower under reverse charge (IGST). en-us Thu, 31 Oct 2019 00:00:00 +0530 Wed, 11 Feb 2026 15:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63080 Lending of securities under the Securities Lending Scheme does not amount to disposal of securities and thus is not a supply of securities; however, the lending fee charged by the lender is consideration for a taxable service (taxable since 01.07.2017). Intermediaries' facilitation for commission is also taxable. The supply attracts GST at 18%. For 01.07.2017-30.09.2019 GST was payable by the lender under forward charge (IGST); from 01.10.2019 GST is payable by the borrower under reverse charge (IGST). Circulars GST - States Thu, 31 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63080