Actionable claims excluded from supply under Schedule III, with statutory definition governing GST treatment. Paragraph 6 of Schedule III excludes actionable claims-other than lottery, betting, and gambling-from being treated as supply of goods or services, referencing the statutory definition of 'actionable claim' from the applicable transfer law; this carve out places qualifying actionable claims outside the GST levy and collection regime except where expressly excluded.
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 excluded from supply under Schedule III, with statutory definition governing GST treatment.
Paragraph 6 of Schedule III excludes actionable claims-other than lottery, betting, and gambling-from being treated as supply of goods or services, referencing the statutory definition of "actionable claim" from the applicable transfer law; this carve out places qualifying actionable claims outside the GST levy and collection regime except where expressly excluded.
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