Common use of Adjustment of consideration for a Supply Clause in Contracts

Adjustment of consideration for a Supply. If the amount of GST recovered by the supplying party from the receiving party differs from the amount of GST payable at law by the supplying party (or an entity grouped with the supplying party for GST purposes) in respect of the supply, the amount payable by the receiving party to the supplying party will be adjusted accordingly.

Adjustment of consideration for a Supply. If the amount of GST recovered by the supplying party supplier from the receiving party recipient differs from the amount of GST payable at law by the supplying party supplier (or an entity grouped with the supplying party supplier for GST purposes) in respect of the supply, the amount payable by the receiving party recipient to the supplying party supplier will be adjusted accordingly.

Adjustment of consideration for a Supply. If the amount of GST recovered by the supplying party from the receiving party differs from the amount of GST payable at law by the supplying party (or an entity grouped with the supplying party for GST purposes) in respect of the supply, the supplying party will adjust the amount payable by the receiving party to the supplying party will be adjusted accordingly.