Taxcharcha
CGST CircularsGSTGSTLatest

Circular No. 119/2019-GST – Taxability of supply of securities under securities lending scheme

The CBIC has clarified the position regarding the levy of GST on the services related to supply of securities under securities lending scheme 1997. It has been clarified that the borrower of securities shall be liable to discharge the GST under Reverse charge mechanism. The nature of GST should be IGST under RCM.

To read the circular, click here circular-cgst-119

Related posts

SECTION 194P – Deduction of Tax in case of certain Senior Citizens

Team Taxcharcha

04/2017-Central Tax,dt. 19-06-2017 – Notifying www.gst.gov.in as the Common Goods and Services Tax Electronic Portal

Team Taxcharcha

Notification No. 20/2018-Central Tax (Rate) ,dt. 26-07-2018 – Seeks to amend Notification No 05/2017-Central Tax (Rate),dt. 28-06-2017 to give effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018

Team Taxcharcha