A New Tax System (Goods and Services Tax) Act 1999
Note:Division 93 - Time limit on entitlements to input tax credits
You cease to be entitled to an input tax credit for a * creditable acquisition to the extent that the input tax credit has not been taken into account, in an * assessment of a * net amount of yours, during the period of 4 years after the day on which you were required to give to the Commissioner a * GST return for the tax period to which the input tax credit would be attributable under subsection 29-10(1) or (2) .
Section 93-10 sets out circumstances in which your entitlement to the input tax credit does not cease under this section.(2)
This section has effect despite section 11-20 (which is about entitlement to input tax credits).
You must hold a valid tax invoice relating to a creditable acquisition to be entitled to have an input tax credit for that acquisition taken into account in working out your assessed net amount for a tax period: see subsection 29-10(3) .