alleryStart learning →A barber cuts hair in exchange for a painting. How is the haircut treated?
ANot a supply
BA free gift
CAn exempt service
DA service supply
Answer & Solution
Correct answer: D. A service supply
In barter the haircut is a supply of services and is also the consideration for the painting.
Keep practising Levy and Collection of Tax
Browse all Levy and Collection of Tax questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
A travel ticket includes meals and insurance. Which is the principal supply?Which rate governs the tax on a mixed supply?A composite supply is taxed according to which supply?Supply of goods is inter-State when supplier location and place of supply are where?Which supply is deemed an inter-State supply?Supplies between a person's several registrations are supplies between whom?Who is a taxable person for the purpose of supply under GST?Employer gifts to an employee are not supply up to what value in a financial year?