Expand the meaning of "Specified Actionable Claims" as per the provisions of section 2(102A) of the CGST Act, 2017. Explain the treatment of…
CA Intermediate · Taxation · PYQS · May 2026
Expand the meaning of "Specified Actionable Claims" as per the provisions of section 2(102A) of the CGST Act, 2017. Explain the treatment of specified actionable claims and other actionable claims under the CGST Act, 2017.
Suggested Answer and Working Notes:
Specified actionable claims means the actionable claim involved in or by way of: (i) betting; (ii) casinos; (iii) gambling; (iv) horse racing; (v) lottery; or (vi) online money gaming. Treatment of specified actionable claims and other actionable claims under the CGST Act, 2017: Only specified actionable claims are considered as supply and are taxable under GST. Actionable claims, other than specified actionable claims, are neither supply of goods nor supply of services since they are covered under negative list under Schedule III of the CGST Act, 2017.
Topics: Paper 3B: Goods and Services Tax
Related Questions in this Topic
- Who is liable to collect TCS (collection of tax at source) under section 52 of the CGST Act, 2017? Briefly explain the p...
- Answer the following questions, assuming that suppliers are registered under GST: (a) Bhagwati Roadlines is a registere...
- Determine the place of supply in each of the following independent circumstances: (i) Ms. Kavya, Delhi is a passenger t...
- Nakshatra Comforts Ltd. is engaged in providing various services in Delhi. It obtained registration under regular scheme...
- Stellar Orbit Appliances Pvt. Ltd., a registered person in Pune, Maharashtra, is engaged in supplying a bouquet of goods...