Consideration

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....* whether by the recipient or by any other person * but shall not include any subsidy given by the Central Government or a State Government; * (b) the monetary value of any act or forbearance, * in respect of, in response to, or for the inducement of, * the supply of goods or services or both; * whether by the recipient or by any other person * but shall not include any subsidy given ....

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.... Consideration has defined in other Laws 1. As per Explanation (a) to section 67 of  Services Tax Act "Consideration" includes- (i) any amount that is payable for the taxable services provided or to be provided; (ii) any reimbursable expenditure or cost incurred by the service provider and charged, in the course of providing or agreeing to provide a taxable service, except in such cir....

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.... consideration for the promise" In simple terms, 'consideration' means everything received or recoverable in return for a provision of service which includes monetary payment and any consideration of non- monetary nature or deferred consideration as well as recharges between establishments located in a non-taxable territory on one hand and taxable territory on the other hand. 3. As per ....

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.... of funds and furnishing of account also will not result in making it a provision of service. * Donations to a charitable organization are not consideration unless charity is obligated to provide something in return e.g. display or advertise the name of the donor in a specified manner or such that it gives a desired advantage to the donor. Example: - 1. The best example of consideration not en....