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Non monetary consideration - Goods and Services Tax - GSTExtract Hi, Loss was incurred by one of customers say Y due to delay in supply of machine by X (the supplier). Y intended to claim damages of 30 Cr. Instead of paying in cash, X supplies two machines on lease free of charge to Y for a period of 2.5 yrs. Would it be said the supply of machines by X is for a consideration. Is there any kind of non monetary consideration Y has provided to X. Whether X should pay GST on notional value of lease rentals. I believe Y would not have any complication in light of circular on liquidated damages. Regards.
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