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  • Are you eligible to defer your GST?

    4 January 2018

    Cash flow is important to a business. If you have an import business, you may be eligible to defer your GST.

    The deferred GST scheme offers you an opportunity to defer the payment of GST on your taxable imports into Australia. Instead of paying the GST upfront, you can defer the payment until the first activity statement you lodge after the goods are imported. If you do this, you must correctly report the subsequent on-sale of the goods in your activity statement.

    To be eligible, you must:

    • have an ABN and be registered for GST
    • lodge your activity statements electronically on a monthly basis
    • have no tax debts.

    You may not be eligible if:

    • you aren't up to date with your tax returns or payments
    • you or anyone relevant to the application have been convicted or penalised by a court for specific offences in the past three years.

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