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        Question 28 - Whether actionable claims liable to GST?

        Faq On GST (2nd Edition) Dated 31.3.2017
        Chapter 1
        Overview of Goods and Services Tax (GST)

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        Actionable claims treated as goods: only lottery, betting and gambling qualify as taxable supplies; other claims excluded. Actionable claims are classified as goods for GST purposes, but the Schedule excluding certain transactions from supply treats actionable claims (other than lottery, betting and gambling) as not constituting a supply; consequently only lottery, betting and gambling actionable claims are taxable supplies, while other actionable claims are not supplies under the GST framework.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Actionable claims treated as goods: only lottery, betting and gambling qualify as taxable supplies; other claims excluded.

                                Actionable claims are classified as goods for GST purposes, but the Schedule excluding certain transactions from supply treats actionable claims (other than lottery, betting and gambling) as not constituting a supply; consequently only lottery, betting and gambling actionable claims are taxable supplies, while other actionable claims are not supplies under the GST framework.


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