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A Mildura man has just been sentenced to 7.5 years in prison over his involvement in the ‘TikTok GST scam‘ that has been circulating since 2020.
According to the Australian Taxation Office (ATO), the man lodged false business statements which resulted in receiving $837,437 in GST refunds.
The accused pled guilty to two counts of obtaining financial advantage by deception, and one count each of attempting to obtain financial advantage by deception and dealing with proceeds of crime.
The total sentence time was set at seven years and six months, with a non-parole period of five years.
What is the TikTok GST scam?
The way this particular scam works is by obtaining an Australian Business Number (ABN) for a fake business and submitting falsified business activity statements through MyGov to receive GST refunds.
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