Clause 38
Adjustment of contracts on changes in tax
of Goods And Services Tax Bill
BillNot in forceProvision 47 of 92
Clause 38
(1)
Where, after the making of a contract for the supply of goods or services and before the goods or services are supplied, there is a change in the tax charged on the supply, then, unless the contract otherwise provided, there shall be added to or deducted from the consideration for the supply an amount equal to the change.
(2)
References in this section to a change in the tax charged on a supply include references to a change to or from no tax being charged on the supply.