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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.