https://www.taxtmi.com/circulars?id=67167 The Circular explains that securities, including shares, are neither goods nor services under GST definitions and that mere purchase, sale or holding of shares does not constitute a supply; therefore holding shares of a subsidiary by a parent company, by itself, cannot be treated as a supply of services and is not taxable under GST unless there is an actual supply as defined in law. en-us Mon, 24 Jul 2023 00:00:00 +0530 Wed, 07 Feb 2024 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67167 The Circular explains that securities, including shares, are neither goods nor services under GST definitions and that mere purchase, sale or holding of shares does not constitute a supply; therefore holding shares of a subsidiary by a parent company, by itself, cannot be treated as a supply of services and is not taxable under GST unless there is an actual supply as defined in law. Circulars GST - States Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67167