Do You Know Series-2 – C.A. Amit Aggarwal (Nagpur/Mumbai)

That barter or exchange is also liable to GST being covered under definition of Supply if in course or furtherance of business. Eg, Say IPL has travel partner sponsored from Jet airways for its Admin or other staff. IPL get free tickets and Jet airways gets a branding/ promotion. Today these kind of transactions are not liable to service tax but now GST would be liable to be paid on such transaction. Further, if old mobile is exchanged for new mobile then the GST would be payable on Transaction value of New mobile even though the seller may charge Net amount of exchange of old mobile

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