Question

750 views 4 replies

What are actionable cliaims? why is service tax not charged on actionable claims?

Replies (4)

Suppose if some amount is recoverable from a debtor quite for a long time and is overdue, then the creditor performs some action against its debtor. this is known as actionable claims. 

Hence no ST is leviable on actionable claims.

Thanks for sharing good info. BUT why the question of serives tax arised over here ?

I am also having same doubt whether this is only considered as actionable claim

Even if it is this whether the ST point on creditor/debtor point or who is taking action on behalf like if lawyer send notice for that creditor pays to lawyer this is considered as actionable claim

 

Thank you ! My doubt is clarified !


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register