net GST definition
Examples of net GST in a sentence
On the basis the QSL Pool Price for the GEI sugar achieved is $600 (excluding GST), QSL will make a net payment of $540 to the Grower which is calculated as follows: $600 Pool Price for GEI Sugar; less $100 (excluding GST) for permitted deductions for Wilmar; plus $40 for the Grower’s net GST liability.
Whenever an adjustment event occurs in relation to any taxable supply made under or in connection with this Agreement the Supplier must determine the net GST in relation to the supply (taking into account any adjustment) and if the net GST differs from the amount previously paid under clause 21.1(d), the amount of the difference must be paid by, refunded to or credited to the recipient, as applicable.
On the basis the QSL Pool Price for the GEI sugar achieved is $600 (excluding GST), QSL will make a net payment of $540 to the Grower which is calculated as follows: • $600 Pool Price for GEI Sugar; less • $100 (excluding GST) for permitted deductions for Wilmar; plus • $40 for the Grower’s net GST liability.
Whenever an adjustment event occurs in relation to any taxable supply made under or in connection with this Agreement, the Supplier must determine the net GST in relation to the supply (taking into account any adjustment) and if the net GST differs from the amount previously paid under Article 2A (e), the amount of the difference must be paid by, refunded to or credited to the recipient, as applicable.
Whenever an adjustment event occurs in relation to any taxable supply made under or in connection with this Agreement the supplier must determine the net GST in relation to the supply (taking into account any adjustment and excluding any Excess GST) and if the net GST differs from the amount previously paid under clause 6.1(d), the amount of the difference must be paid by, refunded to or credited to the recipient, as applicable.
Notwithstanding the foregoing, the Purchaser shall be responsible to remit and pay to the Seller all GST and QST otherwise due which will not have been directly credited or paid by Revenu Québec to the Seller as a result of the reduction of the expected net GST and QST refund of the Purchaser.
Whenever an adjustment event occurs in relation to any taxable supply made under or in connection with this Agreement the supplier must determine the net GST in relation to the supply (taking into account any adjustment and excluding any Excess GST) and if the net GST differs from the amount previously paid under clause 9.1(d), the amount of the difference must be paid by, refunded to or credited to the recipient, as applicable.
The Parties shall utilize the most efficient means possible for reporting and accounting for GST so as to minimize net GST costs to the Parties, subject always to the benefits of the practical management by either Party of certain aspects of the construction operation, management, maintenance and capital renewal of the Transmission Line, the Lands, and any associated buildings and improvements located upon the Lands.
Our procedures are limited to reconciling the net GST payable or receivable in the financial records to the BAS.