Legal barter transaction
Legal barter transaction, Yes, GST (Goods and Services Tax) may be levy on a legal barter transactions done between two companies.
According to the GST Act, any supply of goods or services made for a consideration in the course of business or commerce is taxable, including barter transactions.
The value of the goods or services exchange in a barter transaction would be consider as the consideration.
And GST would be levy accordingly.
However, if the barter transaction is for personal or non-business use, it may not be subject to GST.
It is important to consult a tax professional for specific guidance on GST implications for barter transactions.
To visit: https://www.gst.gov.in/
