I have a consignment of goods from a supplier X. However, a local company Y will be billing me for the goods. Do I pay Goods and Services Tax (GST) on X's invoice value (to Y) or Y's invoice value (to my company)?

Question

Accepted Answer

Import Goods and Services Tax (GST) payment is based on the actual price paid or payable for the imported goods. Since Y's invoice will reflect the actual price that is paid or payable for your import, you should use Y's invoice value to derive the Cost, Insurance and Freight (CIF) value for the computation of GST.

I have a consignment of goods from a supplier X. However, a local company Y will be billing me for the goods. Do I pay Goods and Services Tax (GST) on X's invoice value (to Y) or Y's invoice value (to my company)?

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