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Common use of GST payable Clause in Contracts

GST payable. (a) If GST is payable in relation to a taxable supply made under or in connection with this agreement, then any party (Recipient) that is required to provide consideration to another party (Supplier) for that supply must, subject to clause 9.3(b), pay an additional amount to the Supplier equal to the amount of that GST at the same time as other consideration is to be provided for that supply. (b) No payment of any amount pursuant to clause 9.3(a) is required until the Supplier has provided a valid tax invoice to the Recipient. (c) Where additional amounts are payable between parties to this agreement pursuant to clause 9.3(a), amounts so payable, to the extent they are equivalent in amount, shall be set off against each other as if paid and each party shall be obliged only to provide the tax invoice referred to in clause 9.3(b) no later than the time at which any consideration is to be first provided for that supply. (d) If the GST payable in relation to a supply made under or in connection with this agreement varies from the additional amount paid by the Recipient under clause 9.3(a) then the Supplier must promptly issue an adjustment note to the Recipient and will provide a corresponding refund or credit to, or will be entitled to receive the amount of that variation from, the Recipient. Any payment, credit or refund under this paragraph is deemed to be a payment, credit or refund of the additional amount payable under clause 9.3(a).

Appears in 1 contract

Sources: Scheme Implementation Agreement

GST payable. (a) If GST is payable in relation to a taxable supply made under or in connection with this agreement, agreement then any party (Recipient) that is required to provide consideration to another party (Supplier) for that supply must, subject to clause 9.3(b16.1(c), pay an additional amount to the Supplier equal to the amount of that GST at the same time times as other consideration is to be provided for that supply. (b) No payment of any amount pursuant to clause 9.3(a16.4(a) is required until the Supplier has provided a valid tax invoice to the Recipient. (c) Where additional amounts are payable between parties to this agreement pursuant to clause 9.3(a16.4(a), amounts so payable, to the extent they are equivalent in amount, shall be set off against each other as if paid and each party shall be obliged only to provide the tax invoice referred to in clause 9.3(b16.4(b) no later than the time at which any consideration is to be first provided for that supply. (d) If the GST payable in relation to a supply made under or in connection with this agreement varies from the additional amount paid by the Recipient under clause 9.3(a16.4(a) then the Supplier must promptly issue an adjustment note to the Recipient and will provide a corresponding refund or credit to, or will be entitled to receive the amount of that variation from, the Recipient. Any payment, credit or refund under this paragraph is deemed to be a payment, credit or refund of the additional amount payable under clause 9.3(a16.4(a). (e) Clauses 16.4(a) to 16.4(d) do not apply to the extent that the consideration for the supply is subject to a reverse-charge.

Appears in 1 contract

Sources: Scheme Implementation Agreement

GST payable. (a) If GST is payable in relation to a taxable supply made under or in connection with this agreement, agreement then any party (Recipient) that is required to provide consideration to another party (Supplier) for that supply must, subject to clause 9.3(b15.1(c), pay an additional amount to the Supplier equal to the amount of that GST at the same time times as other consideration is to be provided for that supply. (b) No payment of any amount pursuant to clause 9.3(a15.4(a) is required until the Supplier has provided a valid tax invoice to the Recipient. (c) Where additional amounts are payable between parties to this agreement pursuant to clause 9.3(a15.4(a), amounts so payable, to the extent they are equivalent in amount, shall be set off against each other as if paid and each party shall be obliged only to provide the tax invoice referred to in clause 9.3(b15.4(b) no later than the time at which any consideration is to be first provided for that supply. (d) If the GST payable in relation to a supply made under or in connection with this agreement varies from the additional amount paid by the Recipient under clause 9.3(a15.4(a) then the Supplier must promptly issue an adjustment note to the Recipient and will provide a corresponding refund or credit to, or will be entitled to receive the amount of that variation from, the Recipient. Any payment, credit or refund under this paragraph is deemed to be a payment, credit or refund of the additional amount payable under clause 9.3(a15.4(a). (e) Clauses 15.4(a) to 15.4(d) do not apply to the extent that the consideration for the supply is subject to a reverse-charge.

Appears in 1 contract

Sources: Scheme Implementation Agreement

GST payable. (a) If GST is payable in relation to a taxable supply made under or in connection with this agreement, agreement then any party (Recipient) that is required to provide consideration to another party (Supplier) for that supply must, subject to clause 9.3(b17.1(d), pay an additional amount to the Supplier equal to the amount of that GST at the same time times as other consideration is to be provided for that supply. (b) No payment of any amount pursuant to clause 9.3(a17.3(a) is required until the Supplier has provided a valid tax invoice to the Recipient. (c) Where additional amounts are payable between parties to this agreement pursuant to clause 9.3(a17.3(a), amounts so payable, to the extent they are equivalent in amount, shall be set off against each other as if paid and each party shall be obliged only to provide the tax invoice referred to in clause 9.3(b17.3(b) no later than the time at which any consideration is to be first provided for that supply. (d) If the GST payable in relation to a supply made under or in connection with this agreement varies from the additional amount paid by the Recipient under clause 9.3(a17.3(a) then the Supplier must promptly issue an adjustment note to the Recipient and will provide a corresponding refund or credit to, or will be entitled to receive the amount of that variation from, the Recipient. Any payment, credit or refund under this paragraph is deemed to be a payment, credit or refund of the additional amount payable under clause 9.3(a17.3(a).

Appears in 1 contract

Sources: Scheme Implementation Agreement (Rockwood Holdings, Inc.)

GST payable. (a) If GST is payable in relation to on a taxable supply made by a party, or by an entity through which the party acts (Supplier) under or in connection with this agreement, then any the party providing consideration for that supply (Recipient) that is required to provide consideration to another party (Supplier) for that supply must, subject to clause 9.3(b), must pay an additional amount to the Supplier equal to the GST payable by the Supplier in relation to the supply. Any consideration that is specified to be inclusive of GST must not be taken into account in calculating the GST payable on a supply for the purposes of this clause. (b) Any additional amount of that GST referred to in clause (a) above must be paid by the Recipient at the same time as any other consideration is to be provided for that supply. (b) No payment of any amount pursuant to clause 9.3(a) is required until the Supplier has provided a valid tax invoice to the Recipient. (c) Where additional amounts are payable between parties to this agreement pursuant to clause 9.3(a), amounts so payable, to the extent they are equivalent in amount, shall be set off against each other as if paid and each party shall be obliged only to provide the tax invoice referred to in clause 9.3(b) no later than the time at which any consideration is to be first provided for that supplysupply and, unless the Recipient issues a recipient created tax invoice (RCTI) pursuant to clause 35.4, the Supplier must provide a tax invoice to the Recipient by no later than that time. (dc) If the GST payable in relation to on a supply made under or in connection with this agreement (not taking into account any consideration that is inclusive of GST) varies from the additional amount paid by the Recipient under clause 9.3(a(a) in respect of that supply (as adjusted to take account of any previous payment made pursuant to this clause) then the Supplier must promptly issue an adjustment note to the Recipient and will provide a corresponding refund or credit to, or will be entitled to receive the amount of that variation from, the Recipient. Any payment, credit or refund under this paragraph is deemed to be a payment, credit or refund of the additional amount payable under this clause 9.3(a)must be paid no later than 14 days after the Supplier, or the Recipient where clause 35.4 is applicable, provides an adjustment note to the other party.

Appears in 1 contract

Sources: Concession Agreement

GST payable. (a) If GST is payable in relation to a taxable supply made under or in connection with this agreement, agreement then any party (Recipient) that is required to provide consideration to another party (Supplier) for that supply must, subject to clause 9.3(b16.1(d), pay an additional amount to the Supplier equal to the amount of that GST at the same time times as other consideration is to be provided for that supply. (b) No payment of any amount pursuant to clause 9.3(a16.3(a) is required until the Supplier has provided a valid tax invoice to the Recipient. (c) Where additional amounts are payable between parties to this agreement pursuant to clause 9.3(a16.3(a), amounts so payable, to the extent they are equivalent in amount, shall be set off against each other as if paid and each party shall be obliged only to provide the tax invoice referred to in clause 9.3(b16.3(b) no later than the time at which any consideration is to be first provided for that supply. (d) If the GST payable in relation to a supply made under or in connection with this agreement varies from the additional amount paid by the Recipient under clause 9.3(a16.3(a) then the Supplier must promptly issue an adjustment note to the Recipient and will provide a corresponding refund or credit to, or will be entitled to receive the amount of that variation from, the Recipient. Any payment, credit or refund under this paragraph is deemed to be a payment, credit or refund of the additional amount payable under clause 9.3(a16.3(a).

Appears in 1 contract

Sources: Scheme Implementation Agreement

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