Gst query

271 views 9 replies

Goods definition include actionable claim .But sec7(2)(a) read with schedule iii negative list ,cover "actionable claim ,other than lottery,betting,gambling".

Can anybody explain above provision?If actionable claim are counted as goods then how can come under negative list and if actionable claim are in negative list then how can it include in the definition of goods?

In earlier taxation system ,negative list  means services/goods are not taxable at all.

Replies (9)
Actionable Claim includes in goods but excludes from supply
Good define u/s 2(52)
nd Supply define u/s 7
A.C is included in neg. list of supply not goods
Thanks sunny garg....
@ Sunny garg ..Do we have to learn section ,heading,rates of CGST at IPC level? Notification no 11/2017 is contained the list of different rates on intra sales subject to conditions .
as per recent announcement Rates of CGST act not to be learnt given in N/N 11/2017 at final level
agr final ke lie mna kia h tho also IPC level ke lie bi nhi karne h .
announcement by icai
section mandatory nhi h but wrong sec quote mat krna exam m bilkul b
nhi tho pura ans wrong kar denge @ shilpi

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details