Examples of Goods and Services Tax Act in a sentence
GST, GST law and other terms used in this clause 7 (and in any other provisions of this Agreement where expressions under the GST law are used) have the meanings ascribed to those terms by the A New Tax System (Goods and Services Tax) Act 1999 (as amended from time to time) or any replacement or other relevant legislation and regulations, except GST law also includes any applicable rulings.
Úc & New Zealand To the extent that any supply made by JPMorgan under this Agreement is a taxable supply for the purposes of the Australian Goods and Services Tax, or that goods and services tax under the New Zealand Goods and Services Tax Act 1985 is payable in respect of any supply under this License Agreement, (“GST”), any fees payable in respect of that taxable supply (“original amount”) will be increased by the amount of GST payable in respect of that taxable supply.
Terms used in this clause have the same meanings given to them in the A New Tax System (Goods and Services Tax) Act 1999 (Cth).
Where GST is payable, it must be calculated and paid in accordance with A New Tax System (Goods and Services Tax) Act 1999 (Cth).
If the Licensor is liable to pay GST (within the meaning of the A New Tax System (Goods and Services Tax) Act 1999 (Cth)) in connection with a supply under this licence then: (a) the consideration for that supply is exclusive of GST; (b) the Licensor may increase the consideration or the relevant part of the consideration by the applicable GST rate; and (c) the Licensee must pay the increased consideration on the due date for payment by the Licensee of the consideration.
Words in this clause 7 have the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999 (Cth) and related regulations, unless the context makes it clear that a different meaning is intended.
Words or expressions used in this clause which are defined in the A New Tax System (Goods and Services Tax) Act 1999 (Cth) have the same meaning in this clause.
Supplier will ensure that each invoice/credit note which it issues under the Agreement is a valid tax invoice/credit note complying with the requirements of the Goods and Services Tax Act 1985.
If any GST (as defined in the Goods and Services Tax Act 1985) is payable on any taxable supply made to Buyer by Seller under this Order, Buyer must pay the GST to Seller at the time of, and in the same manner as, making payment of any monetary consideration on which the GST is calculated.
GST has the meaning given in the GST Act (A New Tax System (Goods and Services Tax) Act 1999 (Cth)).