Claiming GST credits on taxable importations
You are entitled to claim a GST credit if all of the following apply:
- you make a taxable importation
- are registered for GST
- you import the goods for a creditable purpose.
You can claim GST credits on imported goods in the activity statement relevant to the tax period in which you pay the assessed GST on the import of those goods.
Evidence of GST paid on importation
Before you can claim a GST credit, you must have documentation showing the goods have been imported and GST was either paid or deferred at the time the goods were entered for home consumption. Goods are entered for home consumption by completing an import declaration and submitting it to ACBPS. When the customs duty and GST has been paid, ACBPS release the goods for use in Australia.
If you use an intermediary to complete the customs formalities (for example, a licensed customs broker), they can provide you with the documents from ACBPS, or they may agree to keep the documents on your behalf and provide them when needed.
You must not claim a GST credit if you do not hold relevant documentation or have ready access to that documentation.
The following are examples of acceptable documentation to show that the goods have been imported and entered for home consumption.
ACBPS requires an import declaration for goods to be entered for home consumption. There are two types of import declarations that can be used to enter goods for home consumption - they are both relevant for GST credits:
- Import Declaration: N10
This document provides details of values and charges for the imported goods that are initially entered for home consumption, and includes details of deferred GST and total payable amount.
- Import Declaration (out of warehouse): N30
This document provides details of values and charges for the imported goods that are entered for home consumption when they are cleared out of a customs licensed warehouse. This document also includes details of deferred GST and total payable amount.
ACBPS provides an official receipt for payments received, including details of total payable GST.
As an importer either you or your customs broker/agent need to keep the relevant import declaration. The status of the declaration needs to be 'finalised'. You also need to keep the related matching official receipt from ACBPS (this document contains details of total amount paid).