Common use of GST payable Clause in Contracts

GST payable. (a) All fees, charges and other amounts referred to in this Contract are exclusive of GST except where express provision is made to the contrary. (b) Subject to the Distributor providing the Customer with a tax invoice, the Customer must pay the fees, charges and other amounts including any GST payable. (c) A word or expression used in this clause which is defined in A New Tax System (Goods and Services Tax) Act (Commonwealth) 1999 has the same meaning in this clause. (d) If, after the Commencement Date, the GST rate changes (including to an effective rate of zero for any particular Supply) (the “New GST Rate”), the parties agree that Supplier may vary the GST inclusive price for any Supply made under this Contract that is attributable to a tax period on or after the commencement of the New GST Rate, to reflect the new amount of GST payable (if any).

GST payable. (a) All fees, charges and other amounts referred to in this Contract are exclusive of GST except where express provision is made to the contrary. (b) Subject to the Distributor providing the Customer with a tax invoice, the Customer must pay the fees, charges and other amounts including any GST payable. (c) A word or expression used in this clause which is defined in A New Tax System (Goods and Services Tax) Act (Commonwealth) 1999 has the same meaning in this clause. (d) If, after the Commencement Date, the GST rate changes (including to an effective rate of zero for any particular Supply) (the “New GST Rate”), the parties agree that Supplier may vary the GST inclusive price for any Supply made under this Contract that is attributable to a tax period on or after the commencement of the New GST Rate, to reflect the new amount of GST payable (if any).