Default GST means any additional GST, penalty or other sum levied against the Club under the GST Act by reason of a non- payment of GST but does not include any such sum levied against the Club by reason of a default by the Club in remitting a GST to the relevant authority after payment of the same by the Customer to the Club.
Default GST means any additional GST, penalty, interest or other sum levied against the Vendor under the GST Act or the Tax Administration Act 1994 by reason of the non-payment or late payment of the GST payable in respect of any Taxable Supply made under this Agreement, but does not include any sum levied against the Vendor, by reason of a default by that person after the payment of the GST (including any Default GST) to the Vendor by the Purchaser.
Default GST means any interest, late payment penalty, or shortfall penalty, or other sum imposed on LOSCAM under the Tax Administration Act 1994 by reason of non- payment of any GST payable in respect of any supply made under this agreement but does not include any such sum levied against LOSCAM by reason of a default by LOSCAM after payment of the GST to LOSCAM by the Hirer.
Examples of Default GST in a sentence
Where any GST is not paid by the Hirer in accordance with this clause the Hirer will pay Default GST.
It will not be a defence to a claim against the Hirer for payment to The Trusts Arena of Default GST that The Trusts Arena failed to mitigate The Trusts Arena’s loss by not paying an amount of GST when it fell due under the Goods and Services Tax Act 1985.
Demand for Default GST will be made by the Vendor in writing and be accompanied by reasonable evidence of that person’s liability for Default GST.
The Purchaser will indemnify the Vendor on demand for any Default GST that becomes owing by the Vendor to the IRD as a result of the Purchaser failing to pay an amount to the Vendor when due.
More Definitions of Default GST
Default GST means any additional GST, penalty (civil or otherwise), interest, or other sum imposed on the Landlord (or where the Landlord is or was a member of a GST group its representative member) under the GST Act or the Tax Administration Act 1994 by reason of non-payment of any GST payable in respect of the supply made under this lease but does not include any sum levied against the Landlord (or where the Landlord is or was a member of a GST group its representative member) by reason of a default or delay by the Landlord after payment of the GST to the Landlord by the Tenant.
Default GST has the meaning set forth in Section 8.3(l).
Default GST means any interest or penalties imposed on the Lessor under the Tax Administration Act 1994 as a result of the non or late-payment of GST other than interest or penalties accruing after the date on which the Lessor receives payment for the GST and Default GST (owing as at the date of such payment);
Default GST means any interest, or late payment penalty, or other sum imposed on The Trusts Arena under the relevant taxation legislation by reason of non payment of the GST payable in respect of the supply made under this Agreement but does not include any such sum levied on The Trusts Arena by reason of default by The Trusts Arena after payment of the GST to The Trusts Arena by the Hirer.
Default GST has the meaning specified in Section 12.2(e).
Default GST in this clause means any interest, penalty or other sum levied against Seller under the GST Act by reason of non-payment of the GST payable in respect of the supply made under this Agreement, but does not include any such sum levied against Seller by reason of a default by Seller after payment of the amounts payable pursuant to this clause to Seller by Buyer.
Default GST means any additional GST, penalty (civil or otherwise), interest, or other sum imposed on the vendor (or where the vendor is or was a member of a GST group its representative member) under the GST Act or the Tax Administration Act 1994 by reason of non-payment of any GST payable in respect of the supply made under this agreement but does not include any such sum levied against the vendor (or where the vendor is or was a member of a GST group its representative member) by reason of a default or delay by the vendor after payment of the GST to the vendor by the purchaser.