26 October 2018GST applies to most imports over $1,000. GST is 10% of the value of the goods you've imported. You generally need to pay this to the Department of Home Affairs before you can receive the goods.
There is a scheme where you can pay your GST later. This is called the deferred GST scheme, and there are eligibility requirements. If you are registered for this, you don't need to pay GST until after the goods are imported and you lodge your next activity statement.
If you're registered for GST, you may be able to claim a credit for any GST paid on goods you import for your business.
Imported goods under $1,000
Recently there were some changes so that GST now also applies to low value (under $1,000) imported goods, digital products or services.
If you're registered for GST and you import low value goods for your business, you shouldn't have to pay GST on these purchases. You need to remember to provide your supplier with your ABN and a statement that you're registered for GST.
If you're charged GST incorrectly, seek a refund from your supplier. However, if the GST is less than $82.50, you can claim a GST credit on your next BAS without needing a tax invoice.
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Low value imported goods will be subject to GST from 1 July.
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Manage your cash flow and get your refund faster by getting your BAS right.