GST Exemption

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  [Deactivated] on 11/12/2011 - 07:33

  Is their an import tax on diamonds?

  There is GST if its over $1000

  And tell me how can you claim back the GST/other tax on a diamond necklace?

  You would need to be in "Business" to do this and then how would a business use a diamond necklace. Or in business reselling this.

  Mr Tax commissioner, yes its for my Window cutting business, my wife sometimes assists and we use the necklace, when I leave my tools at home… (But take off your mask first…)

  Our maybe in the escort business , my clients…. (I wont go any further.)

  Enlighten us how you think a diamond necklace could be claimed back please?

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    illusionarybreeze on 11/12/2011 - 09:04

    Isn't the OP asking about reclaiming GST at the airport within 30 days or whatever time frame it is?

    • 

      [Deactivated] on 11/12/2011 - 09:31

      Could be - I guess they need to clarify what they are asking as its not the way I had read it.

      What you are saying if I now look at it differently is.

      They buy a the necklace in the US, then pay GST, when it arrives in Australia, then within 30 days they go to the airport to catch a plane to another destination (not The US) and claim back the GST they paid on the imported necklace.

      We then assume that they are travelling with another person - so they can pool the traveller's exemptions, which is allowed, so when they come back in they dont have to pay GST again.

      If they are importing it paying the GST, then leaving and claiming the GST back, then they probably wouldn't qualify as

      The Aust government site says

      Goods/purchases that do not attract refunds under the TRS

      The following goods are excluded from the TRS:
      * alcohol such as beer and spirits (you can buy wine and wine products under the TRS) and tobacco products (these goods can be purchased from duty-free shops)
      * GST-free goods-no refund can be claimed if no GST was paid
      * consumables wholly or partially consumed in Australia
      * goods which are prohibited on aircraft or ships for safety reasons. These include items such as gas cylinders, fireworks and aerosol sprays (all airlines provide information to passengers on prohibited items)
      * goods which fail to meet airline cabin-size or ship hand luggage restrictions
      * unaccompanied goods (including freighted or posted goods)
      * services such as accommodation, tours and car rental and labour charges
      * goods purchased over the Internet and imported into Australia ….

      The last might be the problem

      • goods purchased over the Internet and imported into Australia

      However given that this is a little unusual they would be better contacting the Customs office for a ruling