https://www.taxtmi.com/circulars?id=67011 Holding of shares in a subsidiary by a parent company does not, by itself, constitute a taxable supply of services under GST because securities are not goods or services and purchase or sale of shares alone does not amount to supply; a taxable service requires an actual supply as defined by GST law and a service classification code alone cannot convert mere shareholding into a service. en-us Tue, 08 Aug 2023 00:00:00 +0530 Thu, 07 Dec 2023 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67011 Holding of shares in a subsidiary by a parent company does not, by itself, constitute a taxable supply of services under GST because securities are not goods or services and purchase or sale of shares alone does not amount to supply; a taxable service requires an actual supply as defined by GST law and a service classification code alone cannot convert mere shareholding into a service. Circulars GST - States Tue, 08 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67011