Understanding GST applicability on actionable claims

Описание: Whether actionable claims liable to GST?
Ans. As per section 2(52) of the CGST/SGST Act actionable claims are to be considered as goods. Schedule III read with Section 7 of the CGST/SGST Act lists the activities or transactions which shall be treated neither as supply of goods nor supply of services. The Schedule lists actionable claims other than lottery, betting and gambling as one of such transactions. Thus only lottery, betting and gambling shall be treated as supplies under the GST regime. All the other actionable claims shall not be supplies. is the link to Video Person Liable to Pay Tax.

   • Person Liable To Pay Tax In GST #taxestoolbox  

Below is the link to Video Scope Of Supply Under GST.

   • Scope of Supply Under GST | #taxestoolbox  

Below is the link to Video Time of Supply Of Goods.

   • Time of Supply Of Goods Under GST. | #taxe...  

The purpose of the video would be to educate viewers and help them stay informed about their tax laws grow and learn.

Disclaimer :
Video on this channel is for educational purpose only. Any decision to be taken only after proper advise from legal and professional person.

#TaxesToolBox
#whatisgst
#gstlecture
#allaboutgst
#GOODSANDSERVICETAX
#gstregistration
#charteredaccountant
#Howtopaytax
#caguruji
#studywudy
#GST
#incometax
#GST2023
#incometax2023
#accounting
#Tax
#New
#updates
#TaxReturns
#taxupdates
#trending
#youtube
#Law
#Rules
#Budget
#updates
#shares
#stock
#Savetax
#NewTaxrates

Visit Website www.Taxestoolbox.in