https://www.taxtmi.com/article/detailed?id=1899 Consideration for service tax includes monetary and non-monetary forms; non-monetary consideration must be valued in money terms under the Service Tax valuation framework. Valuation uses equivalent money value, comparable gross charges for similar services, or failing that, an amount not less than the cost of provision. Consideration may be provided by a third party if linked to the service. Gratuitous acts like donations are not consideration unless the recipient is obliged to provide a return benefit, in which case the activity may be taxable. en-us Wed, 26 Sep 2012 10:54:12 +0530 Wed, 26 Sep 2012 10:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1899 Consideration for service tax includes monetary and non-monetary forms; non-monetary consideration must be valued in money terms under the Service Tax valuation framework. Valuation uses equivalent money value, comparable gross charges for similar services, or failing that, an amount not less than the cost of provision. Consideration may be provided by a third party if linked to the service. Gratuitous acts like donations are not consideration unless the recipient is obliged to provide a return benefit, in which case the activity may be taxable. Articles Service Tax Wed, 26 Sep 2012 10:54:12 +0530 https://www.taxtmi.com/article/detailed?id=1899