Common use of Organisations Registered for GST Clause in Contracts

Organisations Registered for GST. In accordance with ATO advice, the grant you receive from DVA is not considered as a taxable supply, therefore, there is no need to remit any GST to the ATO. You may wish to claim an input tax credit through your BAS Statement to the ATO for any GST component of purchased items or services. Organisations NOT Registered for GST: The full amount, including any GST component that may be paid to a third party, will be included in the grant amount. The total grant amount is a GST free payment. Subject to the Grantee’s compliance with this Agreement, payment(s) will be made into the following bank account: Your bank account details Financial Institution BSB Account Number

Organisations Registered for GST. In accordance with ATO advice, the grant you receive from DVA is not considered as a taxable supply, therefore, there is no need to remit any GST to the ATO. You may wish to claim an input tax credit through your BAS Statement to the ATO for any GST component of purchased items or services. Organisations NOT Registered for GST: The full amount, including any GST component that may be paid to a third party, will be included in the grant amount. The total grant amount is a GST free payment. Subject to the Grantee’s compliance with this Agreement, payment(s) will be made into the following bank account: Your bank account details Financial Institution BSB Account NumberBSB