VARIATION IN TAX OR APPLICABLE TAXES OR INTRODUCTION OF NEW TAXES Sample Clauses

VARIATION IN TAX OR APPLICABLE TAXES OR INTRODUCTION OF NEW TAXES. 2.5.1 Any statutory variation in rate of applicable taxes/GST, duties, levies etc. as set forth in “Schedule of Prices” or any variation in applicable taxes or interpretation/enforcement of the same or introduction of new taxes or the introduction/amendment of any exemptions (other than Direct taxes i.e. Income Tax, corporate tax etc), levied in India, shall be to the account of the Purchaser. Such adjustment shall be limited to direct transactions between the Purchaser and the Supplier and no amounts shall be payable on account of variation on taxes, duties and levies between the Supplier and its sub vendors/Sub-suppliers/suppliers.
Sample 1
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VARIATION IN TAX OR APPLICABLE TAXES OR INTRODUCTION OF NEW TAXES i) Any statutory variation in rate of applicable Indian taxes, duties, levies etc., any variation in applicable taxes or interpretation/enforcement of the same or introduction of new taxes or the introduction/amendment of any exemptions (other than Direct taxes i.e. Income Tax, corporate tax etc), levied in India, starting from 2 (two) Days prior to the Closing Date for submission of Bid but within the Guaranteed Completion Date of Works, shall be to the account of the OWNER/PROJECT MANAGER. Such adjustment shall be limited to direct transactions between the OWNER/PROJECT MANAGER and the Contractor and no amounts shall be payable on account of variation on taxes, duties and levies between the Contractor and its sub vendors/Sub-contractors/suppliers.
Sample 1

Related to VARIATION IN TAX OR APPLICABLE TAXES OR INTRODUCTION OF NEW TAXES

  • Certain Taxes All transfer, documentary, sales, use, stamp, registration and other such Taxes and fees (including any penalties and interest) incurred in connection with this Agreement shall be paid by Sellers when due, and Sellers will, at their own expense, file all necessary Tax Returns and other documentation with respect to all such transfer, documentary, sales, use, stamp, registration and other Taxes and fees, and, if required by applicable law, the Buyer will, and will cause its affiliates to, join in the execution of any such Tax Returns and other documentation.

  • ELIMINATION OF DOUBLE TAXATION Double taxation shall be eliminated as follows:

  • Contractor to Pay All Taxes Except for any applicable California sales and use taxes charged by Contractor to City, Contractor shall pay all taxes, including possessory interest taxes levied upon or as a result of this Agreement, or the Services delivered pursuant hereto. Contractor shall remit to the State of California any sales or use taxes paid by City to Contractor under this Agreement. Contractor agrees to promptly provide information requested by the City to verify Contractor’s compliance with any State requirements for reporting sales and use tax paid by City under this Agreement.

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