Consideration

Consideration in supply: payments, acts or forbearance count as GST consideration; subsidies and unapplied deposits excluded.

Consideration for GST includes any payment, monetary or otherwise, and the monetary value of any act or forbearance made in respect of, in response to, or for the inducement of a supply, whether paid by the recipient or a third party; deposits are excluded unless applied as payment by the supplier, and government subsidies are excluded. 'Money' for these purposes includes legal tender, negotiable instruments and electronic remittances but excludes numismatic currency. Analogous definitions in prior tax and contract law and administrative guidance clarify treatment of reimbursements, retained agent amounts, charitable donations, and exchange transactions as examples.