Goods and Services Tax Advice
GSTA TPP 053W
Goods and services tax: Is GST payable on the taxable importation of consignment stock into Australia when ownership passes to the vendor as is the case with taxable supplies?
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Notice of Withdrawal
1. GSTA TPP 053 explained that GST is not payable on the taxable importation of consignment stock into Australia when the ownership passes to the vendor. GST on taxable importations is not attributed to tax periods unlike taxable supplies. The GST payable on taxable importations is payable to Customs at the same time and place, and in the same manner, as customs duty on the goods is payable (or would be payable if the goods were subject to customs duty).
3. The Commissioner's view in relation to this issue is contained in paragraphs 16, 28, 30 to 32, 38, 45, 111 and 113 of Goods and Services Tax Ruling GSTR 2003/15 Goods and services tax: importation of goods into Australia.
Commissioner of Taxation
2 July 2014
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Not previously issued as a draft
Australian Customs Notice 2000/30