GST component definition
Examples of GST component in a sentence
If either party is entitled under this agreement to be reimbursed or indemnified by the other party for a cost or expense incurred in connection with this agreement, the reimbursement or indemnity payment will not include any GST component of the cost or expense for which an Input Tax Credit may be claimed by the party entitled to be reimbursed or indemnified.
You may wish to claim an input tax credit through your BAS Statement to the ATO for any GST component of purchased items or services.
The full amount, including any GST component that may be paid to a third party, will be included in the grant amount.
If either party is entitled under this agreement to be reimbursed or indemnified by the other party for a cost or expense incurred in connection with this agreement, the reimbursement or indemnity payment must not include any GST component of the cost or expense to the extent that the cost or expense is the consideration for a creditable acquisition made by the party being reimbursed or indemnified, or by its representative member.
The obligation of the Party receiving the Taxable Supply to pay the GST component of the price for the Taxable Supply is suspended until that tax invoice is provided.
The invoice is to include the Company’s ABN, the GST component and the preferred method of payment.
If either party is entitled under this Agreement to be reimbursed or indemnified by the other party for a cost or expense incurred in connection with this Agreement, the reimbursement or indemnity payment will not include any GST component of the cost or expense for which an Input Tax Credit may be claimed by the party entitled to be reimbursed or indemnified.
If either party has the right under this document to be reimbursed or indemnified by another party for a cost incurred in connection with this document, that reimbursement or indemnity excludes any GST component of that cost for which an Input Tax Credit may be claimed by the party being reimbursed or indemnified, or by its Representative Member, Joint Venture Operator or other similar person entitled to the Input Tax Credit (if any).
Organisations NOT Registered for GST: The full amount, including any GST component that may be paid to a third party, will be included in the grant amount.
Any reimbursement of cost or expense incurred in connection with the Agreement must not include any GST component of the cost or expense to the extent that the Supplier is entitled to claim an input tax credit on the expenditure.