GST Rate definition
Examples of GST Rate in a sentence
GST Payable Where an amount of Consideration is payable for a Taxable Supply made under this NSHA (whether that amount is specified or can be calculated in accordance with this NSHA), it does not include GST and must be increased by the GST Rate.
If and to the extent that any amount payable by one party (‘Recipient’) to the other (‘Supplier’) under this Agreement is consideration for a Taxable Supply by the Supplier then in addition to the amount that would be payable otherwise than under this sub-clause (‘base amount’) the Recipient must, if the Supplier issues a valid Tax Invoice for the base amount and GST Charge, pay a GST Charge calculated by multiplying the base amount by the GST Rate.
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.
If, at any time, the GST Rate is increased, the Lessor may, in addition to the GST Rate, increase the Basic Consideration by the GST Adjustment Rate and such amount shall be payable in accordance with subclause 11.2(a)(ii).
The parties acknowledge that if there is a Supply under this Agreement, consideration for the Supply will be inclusive of GST, where GST is calculated using the GST Rate at the time of forming this Agreement.