https://www.taxtmi.com/circulars?id=63103 Lending of securities under the Securities Lending Scheme does not dispose of securities and therefore is not a transaction in securities, but the lending fee charged by the lender is consideration for a taxable service and has been taxable under GST since 01.07.2017. Intermediaries' facilitation services are separately taxable. The service is taxable at 18%. For 01.07.2017-30.09.2019 GST is payable by the lender under forward charge (IGST); from 01.10.2019 the borrower is liable under reverse charge (IGST). en-us Mon, 14 Oct 2019 00:00:00 +0530 Wed, 11 Feb 2026 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63103 Lending of securities under the Securities Lending Scheme does not dispose of securities and therefore is not a transaction in securities, but the lending fee charged by the lender is consideration for a taxable service and has been taxable under GST since 01.07.2017. Intermediaries' facilitation services are separately taxable. The service is taxable at 18%. For 01.07.2017-30.09.2019 GST is payable by the lender under forward charge (IGST); from 01.10.2019 the borrower is liable under reverse charge (IGST). Circulars GST - States Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63103