reverse charge. ’ means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section (3) or sub-section (4) of section 9, or under sub-section (3) or sub-section (4) of section 5 of the Integrated Goods and Services Tax Act;
reverse charge means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section
reverse charge means, in relation to a supply, that under section 55A(6) of the Value Added Tax Act 1994 it is for the recipient, on the supplier's behalf, to account for and pay VAT on the supply and not for the supplier; and 51A.1.4 Supply means a supply made for VAT purposes under or in connection with this contract by the Contractor and Supplies shall be construed accordingly. 51A.2 The Parties agree and confirm that the procedure for the payment of VAT (if any) by either Party to the other shall be governed entirely and exclusively by the provisions of this clause 51A notwithstanding any other provision of this contract. 51A.3 Any consideration (whether monetary consideration or non-monetary consideration) paid or provided under or in connection with this contract is to be treated as exclusive of any VAT. If the person making the supply (or the representative member of the VAT group of which it is a member) is required to account for VAT on any supply, the recipient of the supply shall pay (in addition to paying or providing any other consideration) an amount equal to the amount of that VAT upon the later of: 51A.
More Definitions of reverse charge
reverse charge. ’, means the liability to pay tax by the person receiving goods and / or services instead of the person supplying the goods and / or services in respect of such categories of supplies as the Central or a State Government may, on the recommendation of the Council, by notification, specify;
reverse charge. “Přenesení daňové povinnosti” [Insert exchange rate if invoice is issued in a different currency to contract currency] / [Pokud je faktura vystavena v jiné měně, než je měna uvedená ve smlouvě, uveďte převodní kurz] Total due / Celkem k úhradě
reverse charge. ’ means the liability to pay tax by the recipient of supply of goods or services instead of the supplier of such goods or services in respect of such categories of supplies as notified under sub-section (3) of section 8;
reverse charge. [Insert exchange rate if invoice is issued in a different currency to contract currency] Total due [Insert Currency]
reverse charge. ’ means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such
reverse charge means the liability to pay tax by the person receiving goods services or both instead of the supplier of such goods and/or services.
reverse charge system means that the supplier does not add output tax to a sales invoice. Instead, the customer reports the tax in Box 1 of their VAT return, and claims it back in Box 4. Only the last stage in the chain is charged to VAT in the normal way.