Default GST definition

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 (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 Xxx 0000 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.
Default GST has the meaning set forth in Section 8.3(l).

Examples of Default GST in a sentence

  • Where any GST is not paid by the Hirer in accordance with this clause the Hirer shall pay Default GST together with default interest pursuant to clause 17.

  • 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.

  • In the event that GST or the Issuer becomes aware of any Default or Event of Default, GST or the Issuer, promptly after it becomes aware thereof, will give written notice thereof to the Trustee.

  • 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.

  • Each Guarantor further agrees (to the extent lawful) that its obligations under this Indenture and its Guarantee may be extended or renewed, in whole or in part, without notice or further assent from it, and that it shall remain bound under this Article Thirteen notwithstanding any extension or renewal of its obligations under this Indenture or its Guarantee.


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 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.
Default GST means any additional tax, penalty, interest or other sum levied against the Responsible Entity (or where the Responsible Entity is GST group registered, its representative member) by reason of non or late payment of any GST payable in respect of any supply made under the Constitution but excludes any such sum levied against the Responsible Entity by reason of a default by the Responsible Entity after payment of all GST (including any Default GST) payable by the Applicant or the Member (as the case may require) to the Responsible Entity;
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.
Default GST means any additional AUS GST, penalty, interest or ----------- other sum levied against the Seller under the AUS GST Law by reason of non or late payment of the AUS GST payable in respect of the supply of any or all of the assets of the Business.
Default GST means any additional GST, penalty (civil or otherwise), interest or other sum levied against a party who supplies goods or services under the GST Act or the Tax Administration Act 1994 (NZ) by reason of non-payment or late payment of any amount of GST payable in respect of a taxable supply made under the Purchase Order;
Default GST means any interest, or late payment penalty, or shortfall penalty, or other sum imposed on the Council under the Tax Administration Act 1994 by reason of non-payment of the GST payable in respect of any supply made under this instrument;