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  • How will the GST deferral scheme operate?

    After 1 July 2000, importers will quote their Australian business number to Customs when they enter goods for home consumption.

    If the importer has been given approval to defer GST, Customs will release the goods after payment of any customs duty or other charges. Customs will record the deferred GST liability of each shipment as it is cleared.

    At the end of each month, Customs will advise the ATO of the total deferred GST liability for each importer who deferred GST.

    The ATO will include the amount of deferred GST on the BAS before it is issued to the Joint Venture Operator, Group representative or individual entity as the case may be. In this way, the amount of deferred GST liability is included in the calculation of net liability in the BAS for the month.

    The BAS must be lodged with the ATO within 21 days from the end of the month. Importers will be able to offset the deferred GST liability by claiming an input tax credit to the extent that the imported goods are used in carrying on an enterprise.

    Need more information?

    Further information is available on the Customs website home affairs.gov.au. Details of the arrangements can be obtained by contacting the Deferred GST Scheme Helpline 1300 130 915.

    Application to participate in the scheme

    Importers can apply to participate online at ato.gov.au

      Last modified: 01 Sep 2015QC 16450