There has been a lot of uncertainty on the issue of exigibility of direct assignments and securitisation transactions to goods and services tax (GST). The GST Council has discussed the issue of assignment and securitisation of receivables through different question, extracts have been reproduced below: Section 2(52) of the CGST Act, 2017 defines ‘goods’ to […]
As discussed above Debentures covered under the definition of security and therefore it is not covered under goods. Therefore, GST will not get attract on interest paid on debentures.
