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  • 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.

    Last modified: 10 Mar 2017QC 47721