Government gives ‘in principle’ support to lowering GST threshold but rules out immediate change

Tuesday, 4 December 2012 Books+Publishing

The Federal Government has released an interim response to the recommendations made by its Low Value Parcel Processing Taskforce earlier this year, giving ‘in principle’ support for the recommendation to lower the current low value threshold (LVT) for collecting goods and services tax (GST) on goods purchased from overseas suppliers. However,...