If you are an importer, you may apply to use the deferred GST scheme, which defers the GST payable on imports until the first activity statement lodged after the goods are imported.
To get the most benefit take action in April.
If you move from quarterly to monthly GST reporting during April, you should be able to access the deferred GST scheme for imports shortly after lodging a successful GST deferral application. However, if you delay your request until May or June then GST deferral can’t start until 1 July.
GST monthly reporting will also give you quicker access to any GST refunds you are entitled to.
Source: ATO
Source Avalara
Latest Posts in "Australia"
- Australia Sets July 2026 E-Invoicing Targets for Federal Procurement and Suppliers
- Australia Publishes Updated Consolidated Text of New Tax System (GST) Act 1999, Effective Jan. 1
- OECD Urges Australia to Broaden and Raise GST for Fiscal Sustainability and Economic Growth
- OECD Urges Australia to Raise GST and Boost Affordable Housing to Address Budget Deficit
- GST Fraud, False Invoicing, and Gold Dealer Scams Top ATO’s Crime-Fighting Priorities
