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Whether sale, purchase, acquisition of a secured …

Whether sale, purchase, acquisition of a secured debt is a transaction in money under GST?

Whether sale, purchase, acquisition of a secured debt is a transaction in money under GST?


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Jeeba Jul. 28, 2018

Sale, purchase, acquisition of secured debts are in the nature of derivatives and security. So sale, purchase, acquisition or assignment of a secured debt does not result in
a transaction in money.