https://www.taxtmi.com/article/detailed?id=16002 Consideration under section 2(31) of the CGST Act is described as the value-bearing element that connects payment to an identifiable supply. It includes payment in money or otherwise, and the monetary value of an act or forbearance, only where the payment is in respect of, in response to, or for the inducement of the supply. Mere transfer of money without reciprocal commercial substance is not consideration. The discussion also links this requirement to input tax credit conditions, taxable acts of tolerance or forbearance, and fraudulent invoicing that lacks real economic substance. en-us Wed, 11 Mar 2026 08:19:26 +0530 Wed, 11 Mar 2026 16:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16002 Consideration under section 2(31) of the CGST Act is described as the value-bearing element that connects payment to an identifiable supply. It includes payment in money or otherwise, and the monetary value of an act or forbearance, only where the payment is in respect of, in response to, or for the inducement of the supply. Mere transfer of money without reciprocal commercial substance is not consideration. The discussion also links this requirement to input tax credit conditions, taxable acts of tolerance or forbearance, and fraudulent invoicing that lacks real economic substance. Articles Goods and Services Tax - GST Wed, 11 Mar 2026 08:19:26 +0530 https://www.taxtmi.com/article/detailed?id=16002