Bater exchange

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employee
64 Points Joined September 2007
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 Joined January 2010
u mean barter??
if so gst applicable
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On 27 July 2017 at 19:19
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Proprietor
4869 Points Joined January 2010
if done for business
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On 27 July 2017 at 19:19
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SM - Audit & Taxation
156 Points Joined September 2007
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 Joined June 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.
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On 27 July 2017 at 21:13


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