https://www.taxtmi.com/circulars?id=67271 Securities, including shares, are neither goods nor services under GST, and mere purchase, sale or holding of shares does not constitute a supply. The SAC classification for holding companies does not automatically create a taxable service; GST applies only if an activity meets the statutory definition of supply. Therefore, a holding company merely holding equity in a subsidiary is not, by itself, providing a supply of services liable to GST. en-us Fri, 18 Aug 2023 00:00:00 +0530 Wed, 20 Mar 2024 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67271 Securities, including shares, are neither goods nor services under GST, and mere purchase, sale or holding of shares does not constitute a supply. The SAC classification for holding companies does not automatically create a taxable service; GST applies only if an activity meets the statutory definition of supply. Therefore, a holding company merely holding equity in a subsidiary is not, by itself, providing a supply of services liable to GST. Circulars GST - States Fri, 18 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67271