Clarification on Holding Company's Taxability of Subsidiary Shares

Last updated: 18 July 2023


CBIC vide Circular No. 196/08/2023-GST dated July 17, 2023 has issued a clarification on the taxability of shares held in a subsidiary company by the holding company. Representations have been received from the trade and field formations seeking clarification on certain issues whether the holding

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