supply
Lahari (Student CA IPC / IPCC) (44 Points)
08 April 2018
Jatara LTD. an NBFC transfers badloans(unsecured) to Recovery Capital LTD. Does it qualify as supply?
2 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 09 April 2018
No. As per Schedule III of GST, actionable claims cant be treated as supply.
Lahari
(Student CA IPC / IPCC)
(44 Points)
Replied 09 April 2018
actionable claims include only unsecured loan. what if it is transfer of secured badloans? does it qualify as supply?
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