Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How is Goods and Services tax calculated on imported goods?

April 26, 2017calculated imported Services tax

0

Posted

How is Goods and Services tax calculated on imported goods?

1 Answer

0

Posted

There is one rate of GST payable of 10%. GST payable on imported goods is calculated as 10% of (duty paid customs value plus cost of transport and insurance to Australia) in accordance with GST legislation. Import Duty is calculated on FOB value of the goods.