diamondhunter111
Rough_Rock
- Joined
- Apr 30, 2013
- Messages
- 24
Hi everyone. Been a while since i've been on here but I just picked out a couple of small ACA diamonds for shoulder stones to remodel my partners engagement ring. I have a question in regards to how GST and import duty is charged on loose stones bought5 from the US. The stones happen to work out to be almost exactly (a touch over) $1000AUD each ($660US for one and $680 for the other). I could either buy them separately or together - cost would be the same as shipping is included. Would this make any difference to how much I would have to pay when they arrive in Australia? I know there is the AUFTA and Whiteflash do the paperwork at their end - under this agreement are loose stones of any value exempt from import duty? If so then it wouldn't matter which way I do it in regards to import duty.
With GST do you pay GST only on the part of the value over $1000, or if the value is over $1000 do you pay 10% on total value. I've tried reading about this but am quite confused.
I know it isn't a huge outlay but every bit I can put towards the remodelling cost helps and I know someone on here will know how best to do it.
Thanks,
Mark
With GST do you pay GST only on the part of the value over $1000, or if the value is over $1000 do you pay 10% on total value. I've tried reading about this but am quite confused.
I know it isn't a huge outlay but every bit I can put towards the remodelling cost helps and I know someone on here will know how best to do it.
Thanks,
Mark