Holding Shares in a Subsidiary by a Holding Company is not ‘Supply of Service

Yonex India Private Limited Vs Union of India (Karnataka High Court) Introduction: In a landmark judgment, the Karnataka High Court addressed a significant issue concerning the Goods and Services Tax (GST) implications on holding shares in subsidiary companies. Yonex India Private Limited vs. Union of India case brought to light the complex intersection of corporate holdings and GST laws. The court’s decision, based on recent clarifications from both the Central and State Governments, has profound implications for companies operating within this legal framework. Detailed Analysis: The cr...