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GST - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Levy of GST - diamonds - e-units - The derivative contracts in ...


Derivative Contracts in E-Units Settled Without Physical Diamonds Exempt from GST as Securities Transactions.

August 17, 2018

Case Laws     GST     AAR

Levy of GST - diamonds - e-units - The derivative contracts in e-Units and settlement thereof would be treated as transactions in securities in case it involves only e-Units without any involvement of physical diamonds and thereby would remain out of the scope of levy under GST.

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