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Meaning of ‘consideration’

Meaning of ‘consideration’ :

“Consideration” in relation to the supply of goods or services or both to any person, includes

(a) any payment made or to be made, whether in money or otherwise, in respect of, in response to, or for the inducement of, the supply of goods or services or both, whether by the said person or by any other person; but shall not include any subsidy given by Central or 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 by Central or State Government – section 2(31) of CGST Act.

Clause ‘b’ would cover service of ‘refraining from act or tolerating an act or situation’.