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  • Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Record keeping

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    You should keep records detailing the nature and extent of any change for five years if you:

    • make an adjustment
    • correct a mistake
    • claim an amount you failed to claim on an earlier BAS.

    Records should include date, type and quantity of fuel acquired, and the activities each fuel was used for.

    See also:

    Self-assessment

    Self-assessment for indirect taxes, including fuel tax credits, commenced on 1 July 2012. When you lodge a BAS for tax periods that commence on or after that date, you will still include the dollar amounts of fuel tax credit and fuel tax credit adjustments for the tax period. You will also include your GST payable, input tax credits and other amounts as required.

    The Commissioner is taken to have made an assessment of your net credit or liability, known as your net amount or net fuel amount, based on the amounts you include on your BAS on the day you lodge. Your BAS is treated as being a notice of assessment signed by the Commissioner and issued on the day it is given to us.

    See also:

      Last modified: 23 Jul 2013QC 35869