Service Consideration

[Harsh Jindal]

When a sevice is considered as Provided or Agreed to be Provided?

[YAGAY and SUN]

Service is considered as Provided 'when service provider actually delivers the service to the service recipient on consideration by issuing an invoice after delivering the service.'

Service is considered as Agreed to be provided when service provided intents to deliver services in near future on the basis of MOUs or an agreement in this regard.  In this case, an avdance payment is made to prospective service provider from the potential serive recipient.

AI Summary

Service Provided vs Agreed To Be Provided: distinction based on actual delivery and advance-payment-based agreements. Service Provided is characterized by actual delivery of the service to the recipient in exchange for consideration, evidenced by issuance of an invoice after rendering. Service Agreed To Be Provided denotes intent or contractual obligation to deliver services in the future, often based on an agreement or MOU and accompanied by advance payment, reflecting commitment rather than completed performance.