https://www.taxtmi.com/article/detailed?id=7245 The revised GST definition of consideration includes payments and the monetary value of any act or forbearance related to supply, excludes any subsidy given by Central or State Governments, and provides that deposits are not consideration unless applied by the supplier as such. The note highlights potential interpretive risk from including voluntary and non voluntary acts, urging clarification to limit involuntary consideration to ordinary commercial charges. en-us Wed, 01 Feb 2017 08:38:06 +0530 Wed, 01 Feb 2017 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7245 The revised GST definition of consideration includes payments and the monetary value of any act or forbearance related to supply, excludes any subsidy given by Central or State Governments, and provides that deposits are not consideration unless applied by the supplier as such. The note highlights potential interpretive risk from including voluntary and non voluntary acts, urging clarification to limit involuntary consideration to ordinary commercial charges. Articles Goods and Services Tax - GST Wed, 01 Feb 2017 08:38:06 +0530 https://www.taxtmi.com/article/detailed?id=7245