GST Consideration definition

GST Consideration means an amount payable by a Party in addition to an amount otherwise payable under this Agreement (for instance the Price or price for Deliverables payable by a Customer) (defined as “Base Consideration” for the purposes of distinguishing it from the GST Consideration) calculated by multiplying the GST Rate by the Base Consideration;

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Examples of GST Consideration in a sentence

• In addition to the State Levy, the Supplier must pay GST Consideration calculated by applying the GST Rate to the amount of the State Levy.

• The GST Consideration is payable at the same time and subject to the same conditions as the Base Consideration.

• The GST Consideration is payable at the same time and subject to the same conditions as the base consideration.

• In addition to the State Levy, the Contractor must pay GST Consideration calculated by applying the GST Rate to the amount of the State Levy.

• GST Consideration is specified in this Agreement exclusive of GST unless it is expressly stated to include GST.

• In addition to any amount payable by the Council in reference to the Licence Fee (the base consideration) the Council must pay to the Minister an additional amount of consideration (GST Consideration) for the taxable supply calculated by multiplying the GST rate by the base consideration.