ORDER VALUE & PAYMENT TERMS Clause Samples

ORDER VALUE & PAYMENT TERMS. Article 4.1.1 of the GTC shall be read as follows: 4.1.1 In consideration for the Contractor performing its obligations in relation to the Scope of Work, [*] shall pay to the Contractor Order Value as mentioned in the Article 4 of the Contract. However, Taxes and Duties are further given below: a. The Order Value is inclusive of all applicable taxes, duties, cess and custom duty, etc. applicable as on the Effective Date including the Goods & Service Tax (“GST”). Presently GST is considered @ 18%. However, GST shall be paid to the Contractor at actual against the submission of the GST invoice and applicable necessary supporting documents as per Appendix 7. TCS on supply value shall be paid extra on documentary evidence. BOCW cess is included on service scope only. b. Any statutory variation/amendment in the applicable taxes and duties and / or imposition / exemptions of any new tax / duty / levy after Effective Date on the items shall be [*]’s account at actuals, provided that the complete breakup with taxes and duties shall be shared by Contractor in billing Breakup including bought out items with complete supporting documents in original. c. Any increase/decrease in Goods & Service tax beyond the Scheduled Completion Date shall be to the Contractor account, if the delay in completion of Works is due to reasons attributable to the Contractor. If the reason for delays are attributable to [*], any increase in GST shall be to [*]’s account d. In case of any change in legislation after the Effective Date resulting in tax exemption/ benefit/ reduction, the Contractor shall pass on to the [*] all benefits of tax exemptions, tax concessions, tax remissions, tax rebates, set off, credits etc. pertaining to all Indirect Taxes (including those arising under the Foreign Trade Policy) applicable in respect of or arising out of the performance of all or any of the obligations of the Contractor. Contractor will be responsible for providing to the [*] all the necessary documentation, wherever applicable, to enable the [*] to claim the benefit of any exemptions, concessions, remissions, rebates, set off, credits or to claim any other benefits pertaining to all Indirect Taxes.’ e. The Contractor is also responsible to upload the details on the GST portal and undertake all other requisite compliances as per GST act to enable [*] to avail input tax credit. However, in case any credit, refund or other benefit is denied or delayed to [*] due to any non-compliance by the Contra...
View Source

Related to ORDER VALUE & PAYMENT TERMS

  • Payment Terms DXC agrees to pay Supplier the undisputed amount of an invoice within ninety (90) days after the receipt of a valid, complete and properly documented invoice. Any prompt payment discount will be calculated from the date a conforming invoice is received by DXC. Payment will be in U.S. currency unless otherwise stated. Payment will not constitute acceptance of Products and/or Services or impair DXC’s right to inspect. Acceptance shall be when DXC deems the Products and/or Services to meet its specified criteria (“Acceptance”). DXC, at its option, and without prior notice to Supplier, shall have the right to set off or deduct from any Supplier’s invoice, any credits, refunds or claims of any kind due DXC.

  • Award criteria 40.1 The Procuring Entity shall award the Contract to the successful tenderer whose tender has been determined to be the Lowest Evaluated Tender in accordance with procedures in Section 3: Evaluation and Qualification Criteria.

  • General Terms For purposes of this Agreement the following terms shall have the following meanings:

  • Definitions For purposes of this Agreement:

  • The Supplier must 12.1.1 comply with the Buyer’s written instructions and this Call-Off Contract when Processing Buyer Personal Data 12.1.2 only Process the Buyer Personal Data as necessary for the provision of the G-Cloud Services or as required by Law or any Regulatory Body 12.1.3 take reasonable steps to ensure that any Supplier Staff who have access to Buyer Personal Data act in compliance with Supplier's security processes