https://www.taxtmi.com/circulars?id=66717 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. en-us Thu, 20 Jul 2023 00:00:00 +0530 Thu, 10 Aug 2023 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66717 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. Circulars GST - States Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66717