Examples of GST Rate in a sentence
Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract.
GST Payable Where an amount of Consideration is payable for a Taxable Supply made under this NSHA (whether that amount is specified or can be calculated in accordance with this NSHA), it does not include GST and must be increased by the GST Rate.
Statutory Variation Clause S.NoDescription1SVC Clause Applicable , however if firm invoices the goods at GST Rate or HSN Number which is different from that incorporated in the purchase order, payment shall be made as per GST Rate which is lower of the GST Rate incorporated in the purchase order or Billed.
Payment Terms S.NoDescriptionPayment Terms1100 % payment after inspection, acceptance and accountal of material by consignee at destination against R/note Statutory Variation Clause S.NoDescription1Not to be included2SVC Clause Applicable , however if firm invoices the goods at GST Rate or HSN Number which is different from that incorporated in the purchase order, payment shall be made as per GST Rate which is lower of the GST Rate incorporated in the purchase order or Billed.
If and to the extent that any amount payable by one party (‘Recipient’) to the other (‘Supplier’) under this Agreement is consideration for a Taxable Supply by the Supplier then in addition to the amount that would be payable otherwise than under this sub-clause (‘base amount’) the Recipient must, if the Supplier issues a valid Tax Invoice for the base amount and GST Charge, pay a GST Charge calculated by multiplying the base amount by the GST Rate.