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of <h1>Legal Guide: Understanding Consideration Across GST, Service Tax, and Contract Law Frameworks for Comprehensive Value Exchange</h1> A comprehensive overview of 'consideration' across different legal frameworks, primarily focusing on GST regulations. The text defines consideration as any payment or monetary value exchanged for goods or services, including monetary and non-monetary forms. It elaborates on various legal interpretations from GST, Service Tax, and Contract Act perspectives, highlighting that consideration encompasses direct payments, reimbursements, and value exchanges, while excluding subsidies and certain charitable transactions.
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