Definition of consideration

(1) “Consideration”, in relation to a supply or acquisition, means any payment, act, or forbearance by any person, whether or not voluntary, in respect of, in response to, or for the inducement of the supply. (2) For the avoidance of doubt, “consideration” includes a reimbursement of the supplier for any duties, levies, fees, charges, and taxes (including GST) paid or payable by the supplier in respect of the supply, but does not include a price discount or rebate allowed and accounted for at the time of the (3) Where the consideration for a supply or importation must be expressed as an amount, the amount shall be the sum of– (a) so far as the consideration is expressed as an amount of money, that amount; (b) so far as the consideration is not consideration expressed as an amount of money, the GST- inclusive fair of the