The decision to lower the GST-threshold on imported goods worth less than $1000 has been pushed back until March next year.

That means Christmas presents bought online this year from overseas will not be subject to the tax.

'A lot of consensus' on introducing a lower GST threshold, NSW Treasurer Mike Baird says. Credit:Jim Rice

State treasurers met Federal Treasurer Joe Hockey in Canberra on Wednesday to discuss lowering the threshold.

In recent weeks, Australian retailers and state premiers have increased calls for the threshold to be lowered significantly below the current $1000 threshold or abandoned altogether, saying it gives foreign retailers an unfair advantage over local retailers.