https://www.taxtmi.com/article/detailed?id=1894 The note defines consideration for service tax to include monetary and non monetary (including deferred) compensation, prescribes valuation of non monetary consideration by equivalent money value under the valuation rules-firstly by reference to gross amounts charged for similar services and, if not ascertainable, by a value not less than the cost of provision-and explains that consideration may be paid by third parties where a nexus exists, while gratuitous acts and unconditional donations are not consideration unless an obligation to provide a return exists. en-us Thu, 20 Sep 2012 09:49:20 +0530 Thu, 20 Sep 2012 09:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1894 The note defines consideration for service tax to include monetary and non monetary (including deferred) compensation, prescribes valuation of non monetary consideration by equivalent money value under the valuation rules-firstly by reference to gross amounts charged for similar services and, if not ascertainable, by a value not less than the cost of provision-and explains that consideration may be paid by third parties where a nexus exists, while gratuitous acts and unconditional donations are not consideration unless an obligation to provide a return exists. Articles Service Tax Thu, 20 Sep 2012 09:49:20 +0530 https://www.taxtmi.com/article/detailed?id=1894