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

Goods and Services Tax Advice GSTA TPP 053 is withdrawn with effect from today.

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).

2. GSTA TPP 053 is withdrawn because it is a duplication of the existing ATO view.

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

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously issued as a draft

References

ATO references:
NO 05/3095

ISSN: 1833-0053

Related Rulings/Determinations:

TR 2006/10
GSTR 2000/29

Subject References:
Taxable supply
Taxable importation
attribution

Legislative References:
ANTS(GST)A 1999 29-5
ANTS(GST)A 1999 33-15
TAA 1953 Sch 1 Div 358

Other References:
Australian Customs Notice 2000/30

GSTA TPP 053W history
  Date: Version: Change:
  14 June 2005 Original ruling  
  31 October 2012 Consolidated ruling Addendum
You are here 2 July 2014 Withdrawn