Common use of Payment and GST Clause in Contracts

Payment and GST. All payments are due 30 days from the date of invoice. Unless otherwise agreed, the Buyer must pay all delivery costs, storage fees and merchant fees on credit card payments in addition to the price. Interest on late payments will apply at the rate of 9% per annum calculated daily and is payable on demand. All payment times are of the essence. Unless otherwise specified, all amounts are expressed to be exclusive of goods and services tax (GST) and therefore GST must be added to the amount.