https://www.taxtmi.com/circulars?id=71396 Lending of securities under the Securities Lending Scheme, 1997 is a taxable supply of services because temporary lending does not amount to disposal of securities. The lending fee received by the lender is consideration and attracts GST, while intermediary services for facilitating lending and borrowing are separately taxable. Securities lending is taxable at 18 per cent. The lender was liable under forward charge for the earlier period, whereas the borrower is liable to pay IGST under reverse charge from 1 October 2019. en-us Thu, 07 Nov 2019 00:00:00 +0530 Mon, 21 Sep 2026 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71396 Lending of securities under the Securities Lending Scheme, 1997 is a taxable supply of services because temporary lending does not amount to disposal of securities. The lending fee received by the lender is consideration and attracts GST, while intermediary services for facilitating lending and borrowing are separately taxable. Securities lending is taxable at 18 per cent. The lender was liable under forward charge for the earlier period, whereas the borrower is liable to pay IGST under reverse charge from 1 October 2019. Circulars GST - States Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71396