Importations of goods other than capital items
For non-taxable importations of goods other than capital items for use in the business, include the amounts paid or payable for the goods imported, the international transport of the goods to their place of consignment in Australia, and to insure the goods for that transport.
For taxable importations of goods other than capital items for use in the business, do not include the actual amount paid or payable for goods imported, or the amount paid or payable for transport and insurance of goods imported.
You have two options:
Include the value of the importations together with the GST payable on the taxable importations, made up of:
the customs value of the goods imported
the amount paid or payable, (to the extent that this amount is not already included under paragraph a.)
for the international transport of the goods to their place of consignment in Australia, and
to insure the goods for that transport
any customs duty payable in respect of the importation of the goods
any wine tax payable in respect of the local entry of the goods, and
GST payable on the taxable importations.
If option 1 is not practicable, declare GST payable on the taxable importations x 11.
GST Payable: This includes GST payable under the deferral scheme for GST on imported goods.
Payments to Customs: If the business makes payments of GST to Customs to amend import transactions for goods other than capital items for use in the business that occurred in the current tax period or in an earlier period, include at Label G11 the amount of GST paid x 11.
Payments to Customs will also arise if the value of the taxable importation is increased for any reason, or the business had incorrectly classified the goods as GST-free at importation. Amendments to the value of the taxable importation may be necessary to take account of a number of matters, including changes to:
the customs value
the customs tariff classification
the amount paid or payable for the international transport of the goods
the amount paid or payable for the insurance of the goods.
Uncleared goods: For importations of goods entered for warehousing, do not include any amount until the goods are cleared for home consumption.
Intangibles from offshore: For importations of things other than goods and real property for use in the business that are not of a capital value, include the amount paid or payable for the things imported.
Reimbursements: Include business purchases and expenses paid for by an employee, agent, officer (if the business is a company) or partner (if the business is a partnership) for which the business has reimbursed them.
Associates: Associates include people and entities closely associated with the business, such as relatives or closely connected companies or trusts. If the business purchased goods or services or anything else for no charge from an associate for partly private use (or partly for making input taxed sales), treat this for GST purposes as if market value consideration was paid.
Include the part of the amount that relates to making input taxed sales or for planned use for private purposes at Labels G13 or G15.
If the business has made any such purchases, include at Labels G10 or G11 the whole amount paid or required to be paid had the market value (including GST) been paid.