Are Wine Equalisation Tax (WET) and Luxury Car Tax (LCT) included in the Deferred GST Scheme?
No, WET and LCT are not included in the Deferred GST Scheme; it only applies to GST. Owners can quote for WET or LCT at the time of importation if they are registered for GST and meet the grounds for quoting. How does GST deferral work for companies that have a branch/division structure with the branches electing to complete individual BAS’s? Each branch has an ABN and GST branch number. Each importing branch that wants to be on the Deferred GST Scheme must apply for GST deferral and be approved for GST deferral individually. The importing branch then uses its ABN plus GST branch number on the Customs entry. How does GST deferral work for GST Groups? It is not necessary for all members of a Group to apply for admission to the deferral scheme. If a Group member wishes to defer they must apply to defer and the Group representative must also apply. In others words, if a member is in the Deferred GST Scheme then the Group representative must also be in. If another Group member does not wan
