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  • Deferring GST for importers

    If you're importing goods into Australia, using the deferred goods and services tax (GST) scheme may assist your business during the COVID-19 (novel coronavirus) period by helping with cash flow.

    Deferring GST payments on taxable imports

    The deferred GST scheme means deferring payment of GST on imports until the first activity statement is lodged after the goods are imported.

    We are offering to backdate applications of deferred GST to 1 April 2020.

    This means, if you apply in May or June this change will take effect from 1 April 2020. You will need to lodge the monthly activity statements for April, May and June 2020.

    Usually this change must take place in the first month of the relevant quarter.

    GST monthly reporting gives you quicker access to any GST refunds you are entitled to.

    How to access the deferred GST scheme

    To support businesses during the COVID-19 period, we are offering to backdate applications to 1 April 2020 to help with your cash flow. This means, if you apply in May or June we will update your lodgment cycle from quarterly to monthly on your behalf.

    This will take effect from 1 April 2020. You will need to lodge the monthly activity statements online for April, May and June 2020.

    Registered tax and BAS agents applying on behalf of clients won't be able to backdate their lodgment cycle to April 2020 online.

    You only need to complete and lodge the application for deferred GST and we will make the necessary changes.

    We will send correspondence to confirm the update.

    Note: It may take three days before Australian Border Force’s (ABF) systems recognises and processes imports through the deferred GST scheme.

    Next step:

    Last modified: 05 May 2020QC 62193