Goods and services tax, clause set with input tax credit protection

7A. GOODS AND SERVICES TAX

7A.1 Charges exclusive of GST. The Charges and every other amount payable under this Agreement are exclusive of goods and services tax. The Customer shall pay to the Supplier, in addition to the Charges, the amount of central tax, State tax, Union territory tax, integrated tax and cess properly chargeable on the supply at the rate in force on the date of supply, against a valid tax invoice issued in accordance with clause 7A.3. [Option — where the price must be inclusive: the Charges are inclusive of goods and services tax at the rate of [GST rate if Charges are inclusive of GST (%)]% in force on the Effective Date. If that rate is increased or reduced, the Charges are adjusted so that the Supplier receives the same amount exclusive of tax as it would have received on the Effective Date, and the adjustment takes effect from the date the change in rate takes effect.]

7A.2 Registration and particulars. Each Party represents that the registration particulars stated in Part 1 of Schedule [Schedule number: tax registration particulars] are true and subsisting, and shall notify the other within 7 days of any change, including any cancellation or suspension of registration, any change in the constitution of the business, or any change in the place of business from which the supply is made or received. The Parties record that, on the basis of the facts known on the Effective Date, the place of supply of the Services is [State], the supply is an [intra-State / inter-State] supply, and the Customer’s registration which is to take the credit is GSTIN [GSTIN].