If you import goods as part of your business, you don’t have to pay goods and services tax (GST) upfront if you’re registered for the ATO’s deferred GST scheme. Instead, you can defer and offset GST amounts in your next business activity statement (BAS). However, there are some eligibility requirements – including a condition that your business lodge activity statements monthly (rather than quarterly).
Click to read our article: GST on imports: are you optimising your cashflow? (2.08MB PDF)