GST Liability definition
Examples of GST Liability in a sentence
Where the Commissioned Organisation becomes liable to remit any amount of GST in respect of any Supply it makes to ACIAR in accordance with this Agreement (GST Liability), the amount otherwise payable by ACIAR under this Agreement will be increased by the amount of the GST Liability, or any lesser amount required by law.
If the ▇▇▇▇ submission is delayed then ISRPL is liable for payment of interest on the GST Liability under Reverse Charge Mechanism, hence, ISRPL will debit the CARRIER to the tune of actual Interest paid.
GST credits and GST Liability pertaining to the activities or operations of the Demerged Undertaking between the Appointed Date and the Effective Date shall, notwithstanding anything contained in this Clause 12 be dealt with in accordance with Applicable Laws.
Where the Council is legally obliged to pay an invoice in relation to the provision of the Services (including Disputed Services), the Contractor shall be also entitled to claim from the Council the amount of the Contractor’s GST Liability for the Services to which the invoice relates provided that GST is applicable to those Services and the invoice is a properly rendered invoice that complies with the requirements of clause 7.2(b).
The Contractor shall not be entitled to any interest or charge for extending credit or allowing time for the payment of the Contract Price (including the Contractor’s GST Liability in relation to such Services) unless otherwise provided in the Contract.
The Council shall pay the Contract Prices for all or part of the Services that are not Disputed Services (including the Contractor’s GST Liability in relation to such Services) and do so within 30 days of receipt of a properly rendered invoice.