Thread: GST on low value imported goods

Will the gst be applied to second hand goods purchased and sent from abroad ?

Originally Posted by Tombie

Our prices here are inflated because our incomes are inflated.

However now our costs are also inflated (power etc).

Obviously some gouge, but comparing a small insignificant market (Australia) to someone like USA or UK is Apples and Oranges.

2018 US min wage what a lot of the work force earns from $7.25 USD ( $9.53 AUD) depending on state. so this reflects in prices of consumer goods, here we would get out of bed for that

Originally Posted by Roverlord off road spares

2018 US min wage what a lot of the work force earns from $7.25 USD ( $9.53 AUD) depending on state. so this reflects in prices of consumer goods, here we would get out of be for that

Exactly, I’m currently whoring myself out as a Specialist contractor. Converted to Aus $, they work 2 x 37.6 hr weeks for what I make before first Crib. (Yes I’m part of the problem)

Their shops also have turnover, holding large volumes of stock turns over quickly, getting big volume discounts.
To get close to those discounts here a supplier needs to bring in containers of products, which often sit there for a long time before they move.

This cost must be recouped promptly or you go out of business. The ATO wants its portion, Customs theirs...
Staff need wages paid, and can’t wait to sell 1000+ items at narrow margins.

The more we go overseas the worse this problem is going to get...

Originally Posted by Tombie

Exactly, I’m currently whoring myself out as a Specialist contractor. Converted to Aus $, they work 2 x 37.6 hr weeks for what I make before first Crib. (Yes I’m part of the problem)

Their shops also have turnover, holding large volumes of stock turns over quickly, getting big volume discounts.
To get close to those discounts here a supplier needs to bring in containers of products, which often sit there for a long time before they move.

This cost must be recouped promptly or you go out of business. The ATO wants its portion, Customs theirs...
Staff need wages paid, and can’t wait to sell 1000+ items at narrow margins.

The more we go overseas the worse this problem is going to get...

Australian min wage is $17.70

Originally Posted by cjc_td5

How would customs know if GST has been charged unless they could access the invoice somehow? The GST/BAS process is completely separate from the freight process.

All imports have a signed declaration attached that states the value so presumably will also now have to state whether GST been collected.

I've been asked by one of my overseas suppliers for my ABN so that the supplier wont need to add GST. I assume that the import declaration will show my ABN and that GST wont be charged because I would be claiming it back if it was charged.

Originally Posted by trog

Will the gst be applied to second hand goods purchased and sent from abroad ?

GST is not applied to second hand goods.

Originally Posted by Roverlord off road spares

Australian min wage is $17.70

That was in 2016. It's currently $18.29 and will increase to $18.93 on July 1st.

Originally Posted by Mick_Marsh

GST is not applied to second hand goods.

what is a business sells a second hand car? doesnt it have gst on it?