Margin Scheme definition

Margin Scheme has the meaning given by the GST Law.

Margin Scheme means the scheme described in Division 75 of the GST Act as the margin scheme;

Margin Scheme means the margin scheme as defined in the GST Act.

Examples of Margin Scheme in a sentence

• In this clause: Adjustment Note, Consideration, GST, GST Group, Margin Scheme, Money, supply and Tax Invoice have the meaning given by the GST Law.

• In this clause: Adjustment Note, Consideration, GST, GST Group, Margin Scheme, Money, Supply and Tax Invoice have the meaning given by the GST Law.

• Mark 1 box only ■ WARNING: Do not complete Item GST3 if Item GST1 (Going Concern) or Item GST2 (Margin Scheme) are marked Yes Yes If Yes, clause 11.4 (Purchase Price includes GST) applies.

• The acquisition of the Land under the Margin Scheme is not considered a creditable acquisition and no input tax credits can be claimed.

• If in doubt about using the Margin Scheme you should seek professional advice.

• Warning The Seller is warranting that the Margin Scheme can apply.

• The Buyer and the Seller agree that for the purposes of the GST Act, the Supply of the Land is made under the Margin Scheme.

• The Buyer and the Seller agree that the Margin Scheme applies to the Supply of the Land.

• The Seller warrants that it can use the Margin Scheme and promises that it will.

• The Purchase Price is inclusive of GST, with the Margin Scheme applied in calculating any GST payable by the Seller.

More Definitions of Margin Scheme

Margin Scheme has the meaning given in the GST Law. Month means a calendar month.

Margin Scheme means the margin scheme under division 75 of the A New Tax System (Goods and Services Tax) Xxx 0000 (Cth);

Margin Scheme means the special arrangements for the taxation of supplies of margin scheme goods;

Margin Scheme has the same meaning as in the GST Act;