Question5: We purchase a new battery in Rs.10000.00 & by back the old battery Rs.2000.00 to same dealer. What procedure in GST Regime opt. for the purpose of remove the old battery.

Answer: The supply as per Section 7 covers barter also, therefore it is supply of Rs 12000 for you and supply of Rs 2000 for the dealer sending old battery to you . Please note if the old battery is given by some individual in routine as clearance of old house hold goods then it ( RS 2000) will not be taxed because it is not in course or in furtherance of business for that individual But even in above case you will pay tax on Rs 12000 because the consideration is Rs 10 000 +2000 because the definition of consideration in section 2 covers cash as well as in kind. Since it is supply of goods both the side so the movement should be under invoice as per section 31 of CGST Act (Reply dt. 07/11/2017)