Common use of Timing of payment of GST Amount Clause in Contracts

Timing of payment of GST Amount. The GST Amount is payable on the earlier of: (a) the first date on which all or any part of the Consideration for the Taxable Supply is first provided; and (b) the date five Business Days after the date on which an Invoice is issued in relation to the Taxable Supply. The GST Amount is not payable until a Tax Invoice is issued to the payer of the GST Amount.

Appears in 4 contracts

Samples: User Funding – Extension Infrastructure Agreement, Reference User Funding Agreement (Rufa), Reference User Funding Agreement (Rufa)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!