Common use of Supply of cane Clause in Contracts

Supply of cane. The supply of cane by the Growers to Wilmar continues to be a taxable supply for GST purposes. GST is payable in respect of the supply of cane based on the notional cane price set out on the Wilmar Recipient Created Tax Invoice (RCTI). The amount of GST stated on the RCTI must be reported on the Growers BAS (as GST payable at BAS Label 1A). The net deductibles charged by Wilmar to the Grower are also subject to GST. The GST charged in respect of the deductibles can be claimed as an input tax credit in the Growers BAS (as GST receivable at BAS Label 1B). For a detailed example of how the supply of cane may be reported in the BAS, please refer to Appendix 2 (page 29).

Supply of cane. The supply of cane by the Growers to Wilmar continues to be is a taxable supply for GST purposes. GST is payable in respect of the supply of cane based on the notional cane price set out on the Wilmar Recipient Created Tax Invoice (RCTI). The amount of GST stated on the RCTI must be reported on the Growers BAS (as GST payable at BAS Label 1A). The net deductibles charged by Wilmar to the Grower are also subject to GST. The GST charged in respect of the deductibles can be claimed as an input tax credit in the Growers BAS (as GST receivable at BAS Label 1B). For a detailed example of how the supply of cane may be reported in the BAS, please refer to Appendix 2 (page 29).