Common use of Taxable supplies Clause in Contracts

Taxable supplies. 9.3.1 Where GST applies to any supply (except a supply to which Special Conditions 9.2 of this Agreement applies) made to the Purchaser, under or in connection with this Agreement, the consideration for that supply is to be increased by an additional amount equal to the consideration for that supply multiplied by the prevailing GST rate at the time of that supply. 9.3.2 The additional amount referred to in Special Condition 9.3.1 is to be paid or provided by the Purchaser to the Vendor at the earlier of: (a) the time when the consideration to which the additional amount relates must be paid or provided by the Purchaser to the Vendor under this Agreement; and (b) 7 days prior to the time the GST on that supply must be included in the GST return for the Vendor, but no earlier than one day after the Vendor has issued a tax invoice to the Purchaser which relates to that supply.

Appears in 1 contract

Sources: Contract of Sale

Taxable supplies. 9.3.1 13.3.1 Where GST applies to any supply (except a supply to which Special Conditions 9.2 13.2 of this Agreement applies) made to the Purchaser, under or in connection with this Agreement, the consideration for that supply is to be increased by an additional amount equal to the consideration for that supply multiplied by the prevailing GST rate at the time of that supply. 9.3.2 13.3.2 The additional amount referred to in Special Condition 9.3.1 13.3.1 is to be paid or provided by the Purchaser to the Vendor at the earlier of: (a) the time when the consideration to which the additional amount relates must be paid or provided by the Purchaser to the Vendor under this Agreement; and (b) 7 days prior to the time the GST on that supply must be included in the GST return for the Vendor, but no earlier than one day after the Vendor has issued a tax invoice to the Purchaser which relates to that supply.

Appears in 1 contract

Sources: Contract of Sale

Taxable supplies. 9.3.1 7.3.1 Where GST applies to any supply (except a supply to which Special Conditions 9.2 7.2 of this Agreement applies) made to the Purchaser, under or in connection with this Agreement, the consideration for that supply is to be increased by an additional amount equal to the consideration for that supply multiplied by the prevailing GST rate at the time of that supply. 9.3.2 7.3.2 The additional amount referred to in Special Condition 9.3.1 7.2.1 is to be paid or provided by the Purchaser to the Vendor at the earlier of: (a) the time when the consideration to which the additional amount relates must be paid or provided by the Purchaser to the Vendor under this Agreement; and (b) 7 days prior to the time the GST on that supply must be included in the GST return for the Vendor, but no earlier than one day after the Vendor has issued a tax invoice to the Purchaser which relates to that supply.

Appears in 1 contract

Sources: Contract of Sale