Services of holding financial assets - GST - Services Code / Scheme of Classification of Services

Scheme of Classification of Services S.No. Chapter, Section, Heading or Group Service Code (Tariff) Service Description (1) (2) (3) (4) 217 Group 99717 Services of holding financial assets 218 997171 Services of holding equity of subsidiary companies 219 997172 Services of holding securities and other assets of trusts and funds and similar financial entities Explanatory Notes:- Based on the Modified Version of the United Nations Central Product Classification (UNCPC) 99717 - Services of holding financial assets 997171 - Services of holding equity of subsidiary companies This service code includes: - services provided by holding companies, i.e. holding securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest 997172 - Services of holding securities and other assets of trusts and funds and similar financial entities This service code includes: - services provided by legal entities that are organized to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries