Transfer of unsecured debt is actionable claim but not subject to GST :
If an unsecured debt is transferred to a third person for a consideration, the activity be treated as ‘goods’ as it is actionable claim.
However, in essence, it is mere transaction in money.
However, actionable claims, other than lottery, betting and gambling are neither as a supply of goods nor a supply of services – Schedule III of CGST Act read with section 7(2)(a) of CGST Act, Hence, such transfer of unsecured debt will not be subject to GST.