Section 7(2) of the CGST Act, 2017 provides that notwithstanding anything contained in section 7(1) of the CGST Act, 2017, activities which are neither of goods nor supply of services as specified in schedule-III include

CS Executive · Tax Laws and Practice · PYQS · December 2020
Section 7(2) of the CGST Act, 2017 provides that notwithstanding anything contained in section 7(1) of the CGST Act, 2017, activities which are neither of goods nor supply of services as specified in schedule-III include ______.
(A) Supply of goods by any unincorporated association or body of person to member for cash, deferred payment or other valuable consideration
(B) Temporary transfer or permitting the use or enjoyment of any intellectual property right
(C) Actionable claim, other than lottery, batting and gambling
(D) Renting of immovable property

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Supply under GST

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