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Introduce indemnity clauses with suppliers on tax compliance: Expert
May, 29th 2017

A lot has been written about various aspects of transitioning to GST, but sparse little about contractual caution points. Businesses may refer to the following key aspects in this regard and then negotiate/enter into suitable contracts, capturing the requisite amendments: 1) ‘Change in law’ Begin by examining if your contract price is ‘tax extra’ or ‘inclusive of taxes’ If it is tax-inclusive, please examine if your ‘change-in-law-clause’ enables tracking the impact of this change across the supply chain? Simply ...

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