Activities or Transaction Excluded from Supply - Para 6 of Schedule III [Read with Section 7(2)] - GST Ready Reckoner - GST

Activities or Transaction which shall be treated neither as supply of goods nor as supply of services - Schedule III As per Section 7(2) , There are exception of supply, Schedule III to the CGST Act, 2017 provides the Activities or transaction which shall be treated as neither supply of goods nor supply of services (in other words, exclude from the supply) Para 6 - Actionable claims, other than lottery, betting, and gambling other than specified actionable claim. As per Sec 2(1) of CGST Act Actionable Claim shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882.