Common use of Input Tax Credit Clause in Contracts

Input Tax Credit. To the extent that one party is required to reimburse another party for costs incurred by the other party, those costs do not include any amount in respect of GST for which the other party is entitled to claim an Input Tax Credit.

Input Tax Credit. To the extent that one party is required to reimburse another party for costs incurred by the other party, those costs do not include any amount in respect of GST GST/VAT for which the other party is entitled to claim an Input Tax Creditinput tax credit (if any).