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Confusion between section

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Varun Shah

23 Points Posted on 19 March 2020

As per Sec2(52) actionable claim are considered as goods but as per Sec7(2) actionable claim are neither consider as supply of goods nor as service why though????

Replies (3)

Quick Summary

This discussion clarifies the classification of actionable claims under GST. While Section 2(52) defines actionable claims as goods, Section 7(2) and Schedule III state they are neither supply of goods nor services, unless they are lottery, betting, or gambling. These specific activities, being actionable claims, are therefore taxable under GST.

M Dinesh [Accountant]

Senior accountant

55 Points Posted on 19 March 2020

Sec7(2) states that, activities or transactions undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities, as may be notified by the Government on the recommendations of the Council, shall be treated neither as a supply of goods nor a supply of services.

sec2(52) will not related to Government activities, hope you understand