Tripura Issues Circular to Clarify Taxability of Securities Under Securities Lending Scheme Per 2019 GST Guidelines.

The Government of Tripura's Office of the Chief Commissioner of State Tax issued Circular No. 38/2019-GST to clarify the taxability of securities supplied under the Securities Lending Scheme, 1997. This directive, dated October 16, 2019, mandates adherence to the clarification provided by the Department of Revenue, Central Board of Indirect Taxes and Customs, as outlined in Circular No. 119/38/2019-GST dated October 11, 2019. The aim is to ensure consistent application of the Tripura State Goods and Services Tax Act, 2017, across all relevant tax authorities.

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