Shares and Securities are neither treated as GOODS ( defined u/s 2(52) of the CGST Act 2017 ) nor Services ( defined u/s 2(102) of the CGST Act 2017 ).
Securities neither fall in the definition of goods (2(52)) nor in the definition of services (2(102) , they fall in the definition of “non-taxable supply” under section 2 (78) of the CGST Act, 2017 and provisions of GST would be made applicable accordingly.
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