https://www.taxtmi.com/caselaws?id=750817 Karnataka HC held that a parent company holding equity capital in its subsidiary cannot be classified as supply of service for GST purposes under Section 5 of IGST Act, 2017 read with Section 7 of CGST Act, 2017. The court followed its earlier decision in Yonex India case and ruled that show cause notices issued by tax authorities were without jurisdiction. The petition challenging GST levy on equity holding activity was allowed and notices were quashed. en-us Thu, 14 Mar 2024 00:00:00 +0530 Mon, 28 Apr 2025 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750817 Karnataka HC held that a parent company holding equity capital in its subsidiary cannot be classified as supply of service for GST purposes under Section 5 of IGST Act, 2017 read with Section 7 of CGST Act, 2017. The court followed its earlier decision in Yonex India case and ruled that show cause notices issued by tax authorities were without jurisdiction. The petition challenging GST levy on equity holding activity was allowed and notices were quashed. Case-Laws GST Thu, 14 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750817