GST Groups Clause Samples
The GST Groups clause defines how entities that are part of a GST (Goods and Services Tax) group are treated for tax purposes under the agreement. It typically specifies which party is responsible for remitting GST, how invoices should be issued, and how input tax credits are managed when multiple related entities are grouped for GST reporting. This clause ensures that tax obligations are clearly allocated among group members, preventing confusion or double taxation and facilitating compliance with GST regulations.
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GST Groups. If a party is a member of a GST group, references to GST which the party must pay, and to input tax credits to which the party is entitled, include GST which the representative member of the GST group must pay and input tax credits to which the representative member is entitled.
GST Groups. If a person is a member of a GST Group, references to GST for which the person is liable, and to Input Tax Credits to which the person is entitled, include GST for which the Representative Member of the GST Group is liable and Input Tax Credits to which the Representative Member is entitled. GST means the goods and services tax as imposed by the GST Law together with any related interest, penalties, fines or other charges. GST Amount means in relation to a Taxable Supply the amount of GST for which the supplier is liable in respect of the Taxable Supply. GST Group has the meaning given to this term by the GST Law.
GST Groups. If a party to this deed is a member of a GST group, then references to GST which the party must pay, and to Input Tax Credits to which the party is entitled, include GST which the representative member of the GST group must pay, and Input Tax Credits to which the representative member is entitled. ME_212469013_16