June 11, 2020
GST is usually a subject left to our friends and fellow Corporate Partners over at William Buck Chartered Accountants to explore. However, just like the dreaded Coronavirus has been pushing our businesses into new territory, the Deferred GST Scheme being implemented by the Australian Government is forcing our humble logistics firm to delve headfirst into the wonderful world of GST to an extent never seen before. What fun! So, let’s get down to the nitty gritty - What is the Deferred Goods and Services Tax (DGST) Scheme and how can we, as importers, utilise this initiative to help our businesses soften the blow of the pandemic? As the Australian Government ATO website puts it, “As an importer, the deferred goods and services tax (DGST) scheme allows you to defer…