https://www.taxtmi.com/circulars?id=71267 Lending of securities under the Securities Lending Scheme, 1997 is a taxable GST service because temporary lending for a fee does not involve disposal of securities. The lender's fee is consideration, while intermediary services facilitating lending and borrowing for commission or fees are separately taxable. For the earlier period, the lender was liable under forward charge; from 1 October 2019, the borrower is liable to pay IGST under the reverse charge mechanism. en-us Wed, 19 Aug 2020 00:00:00 +0530 Fri, 11 Sep 2026 13:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71267 Lending of securities under the Securities Lending Scheme, 1997 is a taxable GST service because temporary lending for a fee does not involve disposal of securities. The lender's fee is consideration, while intermediary services facilitating lending and borrowing for commission or fees are separately taxable. For the earlier period, the lender was liable under forward charge; from 1 October 2019, the borrower is liable to pay IGST under the reverse charge mechanism. Circulars GST - States Wed, 19 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71267