Common use of Recovery of GST Clause in Contracts

Recovery of GST. If GST is imposed on any supply made under this deed by one party (the supplying party) to another party (the receiving party) and the consideration payable or to be provided for the supply under any other clause in this deed is not expressed to be inclusive of GST, the receiving party must pay, in addition to and at the same time as any GST exclusive consideration is payable or to be provided for the supply, an amount calculated by multiplying the value of that GST exclusive consideration (without deduction or set-off) by the prevailing GST rate.

Appears in 4 contracts

Samples: Contract for Houses and Residential Land, Contract for Houses and Residential Land, Contract for Houses and Residential Land

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