GST Guidance for Reverse Charge on Cross Border Purchases

The Australian Taxation Office gave qualifications for transactions that are coverable under the GST reverse charge mechanism for items purchased from outside Australia’s territories.

The guidance covers:

• The applicability of 10% reverse charge GST and the definition of this mechanism
• Regulations, prerequisites, and the transaction details needed for its application
• Products worth less than AUD 1,000 are considered low-value goods and might be subject to GST liability under the reverse charge rule.
• ….

Source GVC

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