GST deduction definition

GST deduction. , for a month, means the lesser of the following amounts—
GST deduction. , for a month, means the lesser of the following 12

Examples of GST deduction in a sentence

  • CWC shall deduct GST at source at applicable rates in case transactions under this contract are liable to GST deduction at source.

  • This aspect should be included in the rates quoted by the contractor.1.7.1 However, contractor is required to submit Tax Invoice as per rules under GST law.1.7.2 CWC shall deduct GST at source at applicable rates in case transactions under this contract are liable to GST deduction at source.1.7.3 Under GST regime, the contractor is required to correctly and timely disclose the details of output supply to GST as per GST rules in his GST return.

  • CRWC shall deduct GST at source at applicable rates in case transactions under this contract are liable to GST deduction at source.

  • This aspect should be included in the rates quoted by the contractor.1.7.1 However, contractor is required to submit Tax Invoice as per rules under GST law.1.7.2 CRWC shall deduct GST at source at applicable rates in case transactions under this contract are liable to GST deduction at source.1.7.3 Under GST regime, the contractor is required to correctly and timely disclose the details of output supply to GST as per GST rules in his GST return.

  • Special Conditions for GST deduction as TDS 18.1 As per the modified clause 3.3.5 of Instructions to Bidders, the rate quoted by the bidder shall include all taxes duties and Construction Workers Welfare Fund Contribution etc except the GST (Goods and Services Tax) and the Government will not entertain any claim whatsoever in respect of the same.

  • Under GST, deduction of LD is considered as consideration received against supply of services for tolerating the act of delay in execution of contract by the vendor.

  • M/s Ticel Bio Park Ltd shall deduct GST at source at applicable rates in case transactions under this contract are liable to GST deduction at source.

  • GST shall be paid extra at applicable rates subject to submission of tax invoice as per rules under GST.CWC shall deduct GST at source at applicable rates in case transactions under this contract are liable to GST deduction at source.An Insurance cover to cover the damage, loss, theft etc., of the stores/supplies in the transit shall be taken in the name of the Corporation.

  • GST deduction at source: In case of supply within Assam, GST deduction at source, as per Order/notification of the Govt.

  • CWC shall deduct GST at source at applicable rates in case transactions under thi s contract are liable to GST deduction at source.

Related to GST deduction

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • FATCA Deduction means a deduction or withholding from a payment under a Finance Document required by FATCA.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

  • GST Amount means in relation to a Taxable Supply the amount of GST payable in respect of the Taxable Supply.

  • Transaction Deductions means all Tax deductions available to any Group Company, to the extent permitted by applicable Law, as a result of or in connection with the repayment of Indebtedness, the payment of Group Company Transaction Expenses and payments of amounts that would have been Group Company Transaction Expenses but for the fact that they were paid prior to the Closing, and the payment of any fees or other costs and expenses associated with the transactions contemplated by this Agreement, in each case that are economically borne by Seller.

  • Agreed Deductions means any deductions the Agency Worker has agreed can be made from their pay;

  • Input Tax Credit means the credit of input tax;

  • Allowable Deductions means the following costs, charges, and expenses incurred or accrued by Payor:

  • Deduction means the amount that is treated as deductible from the taxable income under the laws of the payer or investor jurisdiction. The term 'deductible' shall be construed accordingly.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • input tax , in relation to a vendor, means—

  • Sales Costs means all costs, direct and indirect, associated with a foreclosure sale by the City, including but not limited to: county recording fees, title reports or other means of identifying persons with interest in the property, title insurance, service and notification, publication and advertising, posting, sale, and staff salaries, including benefits and overhead.

  • Tax Costs which shall mean any and all real estate taxes and other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed, reassessed or levied upon the Project and appurtenances thereto and the parking or other facilities thereof, or the real property thereunder (collectively the "Real Property") or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed, reassessed or levied by the United States, the State of California or any local government authority or agency or any political subdivision thereof, and shall include Landlord's reasonable legal fees, costs and disbursements incurred in connection with proceedings for reduction of Tax Costs or any part thereof; provided, however, if at any time after the date of this Lease the methods of taxation now prevailing shall be altered so that in lieu of or as a supplement to or a substitute for the whole or any part of any Tax Costs, there shall be assessed, reassessed or levied (a) a tax, assessment, reassessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents, issues, profits or income derived therefrom, or (b) a tax, assessment, reassessment, levy (including but not limited to any municipal, state or federal levy), imposition or charge measured by or based in whole or in part upon the Real Property and imposed upon Landlord, then except to the extent such items are payable by Tenant under Article 6 below, such taxes, assessments, reassessments or levies or the part thereof so measured or based, shall be deemed to be included in the term "Direct Costs." In no event shall Tax Costs included in Direct Costs for any year subsequent to the Base Year be less than the amount of Tax Costs included in Direct Costs for the Base Year. In addition, when calculating Tax Costs for the Base Year, special assessments shall only be deemed included in Tax Costs for the Base Year to the extent that such special assessments are included in Tax Costs for the applicable subsequent calendar year during the Term.

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Deductions means any deductions which the Employment Business may be required by law to make and in particular in respect of PAYE pursuant to Sections 44-47 of the Income Tax (Earnings and Pensions) Act 2003 and Class 1 National Insurance Contributions;

  • Cumulative Net Realized Tax Benefit for a Taxable Year means the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination.

  • Indemnified Tax means (a) any Tax other than an Excluded Tax and (b) to the extent not otherwise described in clause (a), Other Taxes.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.