Adjustments, credits and refunds

If you've overpaid or underpaid LCT you can:

• if registered for GST and LCT, make an adjustment on your BAS
• if not registered for GST and LCT, claim an LCT credit.

In some circumstances primary producers and tourism operators are eligible for a refund of part of the LCT they have paid on a luxury car. Public institutions (museums, galleries and libraries) that are registered for GST and endorsed as a deductible gift recipient are entitled to make an adjustment on their BAS at label 1F for the LCT they have paid on a luxury car.