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

Implementation of various decisions taken by the GST Council for the MSME Sector; Issue of Notifications there of

Team Taxcharcha

Notification issued by DPIIT for Angel Tax Exemption

Team Taxcharcha

Extended due dates of GST Returns

Team Taxcharcha