Which of the following is/are included in definition of "Goods" as defined under section 2(52) of the CGST Act, 2017-
Last updated Jun 24, 2026
Correct Answer:
Option B —
Actionable claim
According to Section 2(52) of the CGST Act, 2017, "goods" means every kind of movable property other than money and securities but includes actionable claims, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before supply or under a contract of supply.
Actionable Claim: These are specifically included in the definition of goods. However, it is important to note that under Schedule III, only actionable claims like lottery, betting, and gambling are treated as a supply of goods.
Money and Securities (A, C, & D): These are specifically excluded from the definition of both "goods" and "services." Since Bonds are a type of security, they are also excluded.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
