Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997 - GST - States - 38/2019-GST (State)

NO. F.1-11(8)-TAX/GST/2019/9656-62 GOVERNMENT OF TRIPURA OFFICE OF THE CHIEF COMMISSIONER OF STATE TAX PANDIT NEHRU COMPLEX, GURKHABASTI AGARTALA, TRIPURA WEST, PIN-799006 Dated, Agartala, the 16 th October, 2019 Circular No. 38/2019-GST (State) To The Additional Commissioner of State Tax / Deputy Commissioner of State Tax/ Superintendent of State Tax (All) / Inspector of State Tax (All) Subject: Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997 - reg. The Department of Revenue, Central Board of Indirect Taxes and Customs, Tax Research Unit vide Circular No. 119/38/2019-GST dated 11 October, 2019 has issued clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997, in order to ensure uniformity in the implementation of the provisions of law across the field formations, which is annexed herewith. In exercise of powers conferred by section 168 of the Tripura State Goods and Services Tax Act, 2017 (Tripura Act No. 9 of 2017) for the purpose of uniformity in the implementation of the Act it is instructed to follow the clarification issued vide Circular No. 119/38/2019-GST dated 11 th October, 2019 by the Department of Revenue, Central Board of Indirect Taxes and Customs, Tax Research Unit. (Nagesh Kuma B, IAS) Chief Commissioner of State Tax Government of Tripura Encl. : Circular No. 119/38/2019-GST.