Common use of Taxes and Other Statutory Dues Clause in Contracts

Taxes and Other Statutory Dues. a. All other statutory taxes, statutory dues, local levies, GST, etc. as applicable from time to time shall be charged extra and shall be remitted along with the License Fee for onward remittance to the Government. The Licensee indemnifies Maha-Metro from any claims that may arise from the statutory authorities in connection with this License. b. Payment of stamp duty for execution of license agreement, if any, shall be borne by licensee. c. Taxes/Municipal Taxes if any, for the purpose of Train Wrapping shall be solely borne by Maha- Metro. d. The licensee will not ask for any claim or compensation from Maha-Metro if the train wrapping is not permitted due to local laws/ action of civil authorities. The maintenance of all advertisement media/vinyls/stickers etc. will be borne by licensee. e. At present, Maha-Metro is not liable to share its revenue generated from advertisements on Metro Trains (Train Wrapping) with local bodies. However, in future, if Maha-Metro becomes liable to share revenue with local bodies, Maha-Metro shall deposit the due share to local bodies out of its own funds. Licensee shall not be liable to part with any additional amount, on this account. f. 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 18% (Eighteen percent) per annum. 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.

Taxes and Other Statutory Dues. a. 4.3.1. The applicable Goods and Service Tax (GST), Advertisement Tax, Entertainment Tax etc. or any other taxes as applicable shall also be payable extra as made applicable from time to time. Additionally the Licensee shall also bear the License Fees/ Advertisement Tax, if applicable and charged by NMC. The Licensee Fees/ Advertisement tax shall be paid separately to NMC and the proof of payment shall be submitted to Maha-Metro for its records. 4.3.2. All other statutory taxes, statutory dues, local levies, GSTthird party dues (i.e. electricity, water consumption charges etc. .) as applicable from time to time shall be charged extra and shall have to be remitted along with the License Fee for onward remittance to the Governmentlicense fees. The Licensee indemnifies shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this Licensetender document / license agreement. Any change in Tax structure will also be applicable. b. Payment of stamp duty for execution of license agreement, if any, shall be borne by licensee. c. Taxes/Municipal Taxes if any, for the purpose of Train Wrapping shall be solely borne by Maha- Metro. d. The licensee will not ask for any claim or compensation from Maha-Metro if the train wrapping is not permitted due to local laws/ action of civil authorities4.3.3. The maintenance of all advertisement media/vinyls/stickers etc. will be borne by licensee. e. At present, Maha-Metro is not liable to share its revenue generated from advertisements on Metro Trains (Train Wrapping) with local bodiesbodies including Nagpur Municipal Corporation, Nagpur Improvement Trust and Nagpur Metro Region Development Authority etc. However, in future, if Maha-Metro becomes liable to share revenue with local bodiesbodies from advertisements in future, then such revenue sharing/advertisement taxes with NMC/civic agency, if applicable/demanded will be borne by the Licensee separately. 4.3.4. 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. The registration of License Agreements should be done within 90 days of signing of agreement, the Successful Bidder/ lessee (registration fees, stamp duty etc. to be fully borne by the Successful Bidder/lessee) and the duly registered documents to be submitted to Maha-Metro for records. Any amendment in the contract agreement, if required to be registered, shall deposit also be registered within 30 days from the due share date of amendment and duly registered documents shall be submitted to local bodies out of its own funds. Licensee shall not be liable to part with any additional amount, on this accountMaha-Metro for record. f. 4.3.5. 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 18% (Eighteen percent) per annum. 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.