Taxable Supply. The Applicant must pay to the GBCA any GST payable or which may become payable as a result of any Taxable Supply made by, under or in connection with this Agreement.
Taxable Supply. If a Supply made under or in connection with this Deed is a Taxable Supply, then at or before the time any part of the consideration for the Supply is payable:
Taxable Supply. If GST is payable on any supply made under this Agreement, the recipient of the supply must pay an amount equal to the GST payable on the supply. That amount must be paid at the same time that the consideration is to be provided under this Agreement, and must be paid in addition to the consideration expressed elsewhere in this Agreement, unless it is expressed to be inclusive of GST. The recipient is not required to pay any GST until the supplier issues a tax invoice for the supply.
Taxable Supply. 12.1 If any Supply made in accordance with this Deed is a taxable Supply, the Supplier may, in addition to the consideration for the Supply, recover an additional amount on account of GST from the Recipient. Additional amount
Taxable Supply. This clause 11 applies where the transaction is:
Taxable Supply. The Applicant must pay to the NZGBC any GST payable or which may become payable as a result of any Taxable Supply made by, under or in connection with this Agreement.
Taxable Supply. If any supply by one party (Supplier) to another party (Recipient) under or in connection with this agreement is a taxable supply, then the amount due to the Supplier for that supply will be the sum of:
Taxable Supply. If GST is or becomes payable by a party under this Purchase Order or any transaction contemplated by this Purchase Order, the recipient of the supply must pay to that party an amount equal to the GST payable of the supply, provided that the party at the same time provides to the recipient of the supply a valid tax invoice referable to that supply.
Taxable Supply. 16.2 If GST is to be added to the Purchase Price as indicated in Item 5(b) of the Reference Schedule (and the margin scheme does not apply as indicated in Item 5(c) of the Reference Schedule) and/or if any other taxable supply is made under or in connection with this Agreement, the recipient of a taxable supply under or in connection with this Agreement must in addition to and at the same time as the GST exclusive consideration is payable, pay to the supplier of the taxable supply, an amount equal to the amount of GST imposed by GST law from time to time on the taxable supply. For the avoidance of doubt any increase in the consideration on the basis of adjustments will incur GST.
Taxable Supply. A taxable supply has three key elements: consideration, supplier registration, and supply not taxable per Subdivision 9A of the GST Act: Consideration (section 9-15) Consideration in connection with a supply (or acquisition) includes not only a payment of money but can also be: > an act – doing something, including refraining from an act, tolerating some act or situation; and > forbearance – in response to or for inducement for a supply. Except where the act occurs by law such as government compulsory land acquisitions. Where there is no consideration there can be no taxable supply. Not “Consideration” (section 9-17) The following are not “consideration” for a taxable supply despite section 9-15 (section 9-17(5)): > if a right or option to acquire a supply is granted, and the consideration to be paid for the supply on the exercise of the right or option is limited to any additional consideration. If there is no additional consideration, then there is no consideration for the supply (section 9-17(1)); > making a gift to a non-profit body is not “consideration”, however, to be a gift, there must be no material benefit received as a result of making the gift (section 9-17(2)); > GRE payments for supply are not “consideration” if the requirements of (section 9-17(3)) as outlined in section 3.1.2 are not met’; and > ‘A payment is not the provision of consideration if the payment is made by a government related entity to another government related entity and the payment is of a kind specified in regulations made for the purposes of this subsection’ section 9-17(4) of the GST Act.
