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GST definition

GST means Goods and Services Tax charged on the supply of material(s) and services. The term “GST” shall be construed to include the Integrated Goods and Services Tax (hereinafter referred to as “IGST”) or Central Goods and Services Tax (hereinafter referred to as “CGST”) or State Goods and Services Tax (hereinafter referred to as “SGST”) or Union Territory Goods and Services Tax (hereinafter referred to as “UTGST”) depending upon the import / interstate or intrastate supplies, as the case may be. It shall also mean GST compensation Cess, if applicable.

Examples of GST in a sentence

  • Notwithstanding anything contained anywhere in the Order, in the event that the input tax credit of the GST charged by Xxxxxx is denied by the tax authorities to Buyer, Buyer shall be entitled to recover such amount from the Seller by way of adjustment from the next invoice, In addition to the amount of GST, Buyer shall also be entitled to recover interest at the applicable rate and penalty, in case any penalty is imposed by the tax authorities on Buyer.

  • Notwithstanding the foregoing, Buyer shall pay Goods & Service Tax (G.S.T) & TCS u/s 206C (1H) of Income Tax Act and any other tax, if applicable.

  • Provided, however, that all payments made by the Concessionaire with respect to GST levied on or in respect of any services provided by the Concessionaire to the Authority for and in respect of the Resort and the Project Infrastructure shall be paid by the Authority upon receipt of particulars thereof.

  • The Licensee agrees to pay in advance the total of the daily, weekly, monthly or annual moorage fees and electricity fees, plus applicable GST.

  • The Successful Contractor will be required to furnish an amount @ 10% of Total Annual Contract Value (inclusive of GST) as a performance security in the form of Fixed Deposit Receipt or Bank Guarantee from any Nationalized Bank duly pledged in the name of the "All India Institute of Medical Sciences, Jodhpur" payable at Jodhpur within 30 days from the award of contract.


More Definitions of GST

GST means Goods and Services Tax as defined within the “A New Tax System (Goods and Services Tax) Act 1999” (Cth).
GST means the tax payable and imposed pursuant to Part IX of the Excise Tax Act (Canada), as amended or replaced from time to time;
GST means any tax imposed on Supplies by or through the New Tax System (Goods and Services Tax) Act 1999 (‘Act’) and any related Tax Imposition Act and "New Tax System Changes" has the meaning it bears in the New Tax System (Trade Practices Amendment) Act 1999 (‘TPA’). Where any other term is used in this clause which is defined in the Act or the TPA it shall have the meaning which it bears in the Act, or (if the term is not defined in the Act) then the meaning which it bears in the TPA;
GST means the Goods and Services Tax payable under a GST Law.
GST means the tax imposed by the GST Law.