No GST on Activity of Holding of Shares of Subsidiary Company by the Holding Company | Circular
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- By Chetan Kulasri
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- Last Updated on 19 July, 2023
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Circular No. 196/08/2023-GST dated July 17th, 2023
The CBIC has issued circular to clarify that the activity of holding of shares of subsidiary company by the holding company per se cannot be treated as a supply of services by a holding company to the said subsidiary company and cannot be taxed under GST.
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