hard20 pts · first answer countsgstsupply

Assigning a trade receivable

A company assigns its ₹1 crore trade receivable to a factoring firm. Which statement is correct under GST?

A.It is a supply of goods at 18% on ₹1 croreB.Assigning a debt is an actionable claim, outside GSTC.It is a supply of services at 18% on ₹1 croreD.It is taxed in the same way as lottery tickets

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Assigning a trade receivable

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