You can correct a credit error on your current BAS if all of the following conditions apply for each credit error:
Credit errors are not subject to value limits.
Credit error time limits
Error occurring on or after 1 July 2012
If you made a credit error in a BAS period that started on or after 1 July 2012, you can correct the error in any later BAS that is within the four year period of review (that is, four years from the day after you lodged the BAS in which the error occurred).
You may be able to extend the time to amend the error.
Error occurring before 1 July 2012
If you made a credit error in a BAS period that started before 1 July 2012, you can only correct the error in the original BAS on which the error occurred. You must make any correction within the times above unless the time has been extended.
- Extending the time to make corrections