Gst query

280 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

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