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Bater exchange

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employee
64 Points Posted on 27 July 2017
Is Bater exchange allowed under GST? If yes, How government will get its part of GST as output and input will be set off between both parties
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On 27 July 2017 at 18:55 Report
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Proprietor
4869 Points Posted on 27 July 2017
u mean barter??
if so gst applicable
18 Reply
On 27 July 2017 at 19:19
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Proprietor
4869 Points Posted on 27 July 2017
if done for business
18 Reply
On 27 July 2017 at 19:19
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SM - Audit & Taxation
156 Points Posted on 27 July 2017
yes barter is within the law..

if you are the devotion of supply, it includes sale, exchange, barter etc.

NatarajAn
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On 27 July 2017 at 19:23
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338 Points Posted on 27 July 2017
Yes Bater system is there in GST.

suppose X and Y commodity are being exchanged.

You need to calculate the prices of X and Y. In your books of account you need to charge GST on the sale(X) commodity. and take Input Credit on the commodity(Y) purchased.
1 Reply
On 27 July 2017 at 21:13


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