Show download pdf controls
  • 7. GST credits - four year assessment amendment period expiration

    Self-assessment for indirect taxes came into effect on 1 July 2012. From 1 July 2016 the four year period for amending assessments will start to expire. If a request for amendment is not made within that four-year time period, the Commissioner, in most circumstances, can no longer amend the business activity statement (BAS).

    Taxpayers must also claim GST and fuel tax credits within four years of the due date for lodgment of the BAS in which the credits are first attributable. If the credits are not claimed within this four-year period, a taxpayer’s entitlement to the credits ceases.

    Under self-assessment there is no longer the option of notifying us of an entitlement to credits (within the four year limit) and making the claim later.

    Find out more information about self- assessment for indirect taxes, on the ATO www.ato.gov.au in a document titled Guide to self-assessment for indirect taxes.

    For specific queries, contact GSTmail@ato.gov.au.

      Last modified: 12 May 2016QC 48959