Inside the Australian and New Zealand book industry

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Industry associations raise GST issue with new government as ABS reveals over $7 billion spent on purchases below LVT

The value of online purchases below the current Low Value Threshold (LVT) for collecting Australian Goods and Services Tax (GST) reached more than $7 billion in the 2012-13 financial year, according to new trade data from the Australian Bureau of Statistics (ABS). The new data, released at the start of October,...

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Category: Local news