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Gst query
Dear professional, please guide me on how will Barter be taxed under GST?.. What I mean to say is under GST taxable event is supply and barter is covered under the definition of supply. However in barter supply is both way Like for eg. If Mr A exchange a bag of rice in return of a bag o dal from Mr B.. who will be liable to pay the tax. please reply
Replies (1)
Any transfer of goods or of right in goods or of undivided share in goods without the transfer of title thereof, is a supply of services.
Dear professional,
The above sentence has been taken from Schedule II - Matters to be specified as supply of goods/services. Can you please explain it to me what does it mean with an example specially the term used Undivided share in goods..
I will be highly obliged.
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