Obligation with respect to Taxes, duties. 5.4.1. The Licensee shall be solely responsible to pay all other statutory taxes, statutory dues, local levies, Property tax (proportionate to the Property Business space) as applicable on the agreement. The said taxes and all other third party dues (i.e. electricity consumption charges etc.) as applicable shall be charged extra and shall have to be remitted along with the license fees for onward remittance to the Government. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure like introduction of GST as per Govt. guidelines will also be applicable.
5.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Metro only.
5.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by Licensee.
5.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of 15% (Fifteen percent) per annum. In addition the Licensee shall pay as damages to Maha- Metro @ 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.
Obligation with respect to Taxes, duties. 9.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable), statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable.
9.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Metro only.
9.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee.
9.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 3% or 15% per annum, whichever is higher. In addition, the Licensee shall pay as damages to the Maha-Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.
Obligation with respect to Taxes, duties. 6.4.1. The Licensee shall be solely responsible to pay all other statutory taxes, statutory dues, local levies along with third party dues, if any, as applicable as per this Agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this License agreement. Any change in Tax structure like introduction of GST as per Govt. guidelines will also be applicable.
6.4.2. Any new levies, taxes, cess, revenue share etc. if any, imposed by Government Authorities on MAHA-METRO for this Agreement shall be recovered from the Licensee separately by MAHA- METRO. However, it is to be noted that Income tax if any which is imposed on MAHA-METRO shall be borne by MAHA-METRO only.
Obligation with respect to Taxes, duties. 7.4.1. The Licensee shall be solely responsible to pay all other statutory taxes, statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable.
7.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha- Metro only.
