Customs and GSt Rebates
Posted: Thu Mar 05, 2009 9:49 am
Here's one for the well travelled amoungst us.
Shortly I will be going overseas and am trying to decide if it is worthwhile to claim back the GST on some gear I purchased recently (value approx $6000).
My understanding is that the GST on the purchase can be claimed back on departure under the TRS scheme and that on return the goods are declared and that GST is reassessed taking into account the duty free limit ($900).
I assumed therefore the benefit in doing this is that you save the GST on the Duty Free allowance and anything over that GST applies.
Is this correct.
Also is it being idealistic they will waive the GST on the amount above the Duty free allowance.
What is the experience in this regard.
Barry
Shortly I will be going overseas and am trying to decide if it is worthwhile to claim back the GST on some gear I purchased recently (value approx $6000).
My understanding is that the GST on the purchase can be claimed back on departure under the TRS scheme and that on return the goods are declared and that GST is reassessed taking into account the duty free limit ($900).
I assumed therefore the benefit in doing this is that you save the GST on the Duty Free allowance and anything over that GST applies.
Is this correct.
Also is it being idealistic they will waive the GST on the amount above the Duty free allowance.
What is the experience in this regard.
Barry