Deferring GST on Imported Goods

Deferring GST on Imported Goods

Goods and services tax (GST) is payable on most goods imported into Australia (taxable importations).

GST on a taxable importation is payable by businesses, organisations and private individuals, whether they are registered for GST or not.

However, if you are a GST-registered business or organisation and you import goods as part of your activities, you may be able to claim a GST credit for any GST you pay on those goods.

To be eligible to participate in the deferred GST scheme you must:

  • have an ABN
  • be registered for GST (you can register for GST and apply for an ABN on the one form if you don’t already have an ABN)
  • lodge your activity statements online
  • lodge your activity statements monthly (if you are lodging quarterly, you can elect to lodge monthly)
  • make your activity statement payments electronically.

Additionally, you may not be eligible if:

  • you are not up to date with your tax returns or payments – this includes members of GST groups, branches and joint ventures (see GST group members and representatives)
  • you or anyone relevant to the application has, in the past three years, been convicted or penalised by a court for specific offences.

We’ve created our GST Defer Information Sheet for all the relevant information.

For further information contact Glenn Hack.

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