Clarification on GST Taxability of Shares Held by Holding Companies: CBIC Circular 196/08/2023-GST

CIRCULAR NO. 196/08/2023-GST [F. NO. CBIC-20001/5/2023-GST]CLARIFICATION ON TAXABILITY OF SHARES HELD IN A SUBSIDIARY COMPANY BY HOLDING COMPANYCIRCULAR NO. 196/08/2023-GST [F. NO. CBIC-20001/5/2023-GST], DATED 17-7-2023Representations have been received from the trade and field formations seeking clarification on certain issues whether the holding of shares in a subsidiary company by the holding company will be treated as ‘supply of service’ under GST and will be taxed accordingly or whether such transaction is not a supply. In order to clarify the issue and to...

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