https://www.taxtmi.com/highlights?id=75954 Clarification on taxability of shares held in a subsidiary company by the holding company - Delhi SGST - The circular provides a clear-cut clarification, stating that securities, including shares, are neither considered goods nor services as per the definitions provided under the Delhi / Central Goods and Services Tax Act, 2017. This classification or rather, the lack thereof, directly implies that transactions involving the purchase or sale of shares are not deemed as a supply of goods or services. Therefore, such transactions fall outside the scope of GST. en-us Thu, 21 Mar 2024 15:57:42 +0530 Thu, 21 Mar 2024 15:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75954 Clarification on taxability of shares held in a subsidiary company by the holding company - Delhi SGST - The circular provides a clear-cut clarification, stating that securities, including shares, are neither considered goods nor services as per the definitions provided under the Delhi / Central Goods and Services Tax Act, 2017. This classification or rather, the lack thereof, directly implies that transactions involving the purchase or sale of shares are not deemed as a supply of goods or services. Therefore, such transactions fall outside the scope of GST. Highlights GST - States Thu, 21 Mar 2024 15:57:42 +0530 https://www.taxtmi.com/highlights?id=75954