Default GST definition

Default GST means any additional GST, penalty or other sum levied against the Club under the GST Act by reason of a non- payment of GST but does not include any such sum levied against the Club by reason of a default by the Club in remitting a GST to the relevant authority after payment of the same by the Customer to the Club.
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Default GST means any additional GST, penalty (civil or otherwise), interest, or other sum imposed on the vendor (or where the vendor is or was a member of a GST group its representative member) under the GST Act or the Tax Administration Xxx 0000 by reason of non-payment of any GST payable in respect of the supply made under this agreement but does not include any such sum levied against the vendor (or where the vendor is or was a member of a GST group its representative member) by reason of a default or delay by the vendor after payment of the GST to the vendor by the purchaser.
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Default GST means any additional GST, penalty, interest or other sum levied against the Vendor under the GST Act or the Tax Administration Act 1994 by reason of the non-payment or late payment of the GST payable in respect of any Taxable Supply made under this Agreement, but does not include any sum levied against the Vendor, by reason of a default by that person after the payment of the GST (including any Default GST) to the Vendor by the Purchaser.
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Examples of Default GST in a sentence

  • Default GST means any additional GST, penalty or other sum levied against the Council under the GST Act by reason of non-payment of the GST payable in respect of the taxable supply made pursuant to this agreement but does not include any such sum levied against the Council by reason of a default by the Council after payment of the GST to the Council by the purchaser.

  • Where any GST is not paid by the Hirer in accordance with this clause the Hirer shall pay Default GST together with default interest pursuant to clause 17.

  • However the Recipient is not liable for any Default GST that relates to the period after the date that the GST Amount plus any Default GST in respect of the GST Amount is paid in full by the Recipient to the Supplier.

  • For the avoidance of doubt, no amount on account of GST (including Default GST) will be or become payable by the Recipient to the Supplier unless the Supplier has first issued a tax invoice, debit note or adjustment note.

  • If Buyer or its relevant Affiliate is unable to pay the relevant Seller Subsidiary any amount of the GST Shortfall (if applicable) on or before the GST Payment Date (the “ Unpaid Amount”), Buyer or its relevant Affiliate will be liable to pay to the relevant Seller Subsidiary Default GST (if applicable) in New Zealand dollars in addition to the Unpaid Amount.


More Definitions of Default GST

Default GST has the meaning set forth in Section 8.3(l).
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Default GST means any interest, late payment penalty, or shortfall penalty, or other sum imposed on LOSCAM under the Tax Administration Act 1994 by reason of non- payment of any GST payable in respect of any supply made under this agreement but does not include any such sum levied against LOSCAM by reason of a default by LOSCAM after payment of the GST to LOSCAM by the Hirer.
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Default GST means any additional GST, penalty (civil or otherwise), interest, or other sum imposed on the Landlord (or where the Landlord is or was a member of a GST group its representative member) under the GST Act or the Tax Administration Act 1994 by reason of non-payment of any GST payable in respect of the supply made under this lease but does not include any sum levied against the Landlord (or where the Landlord is or was a member of a GST group its representative member) by reason of a default or delay by the Landlord after payment of the GST to the Landlord by the Tenant.
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Default GST means any interest or penalties imposed on the Lessor under the Tax Administration Act 1994 as a result of the non or late-payment of GST other than interest or penalties accruing after the date on which the Lessor receives payment for the GST and Default GST (owing as at the date of such payment);
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Default GST means any additional AUS GST, penalty, interest or ----------- other sum levied against the Seller under the AUS GST Law by reason of non or late payment of the AUS GST payable in respect of the supply of any or all of the assets of the Business.
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Default GST means any additional GST, penalty (civil or otherwise), interest or other sum levied against a party who supplies goods or services under the GST Act or the Tax Administration Act 1994 (NZ) by reason of non-payment or late payment of any amount of GST payable in respect of a taxable supply made under the Purchase Order;
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Default GST means any additional GST, penalty, interest or other sum levied against Seller under the GST Act or the Tax Administration Act 1994 by reason of the non-payment or late payment of the GST payable in respect of any Taxable Supply made under this Agreement.
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