Fuel Tax Act 2006
If you are *registered for GST, or *required to be registered for GST, your fuel tax credit for taxable fuel that you acquire or import is attributable to:
(a) the same *tax period that your *input tax credit for the fuel is attributable to under the *GST Act; or
(b) the same tax period that an input tax credit would have been attributable to under that Act if the fuel had been a *creditable acquisition or a *creditable importation. 65-5(2)
If you are neither *registered for GST, nor *required to be registered for GST, your fuel tax credit for taxable fuel that you acquire or import is attributable to the *fuel tax return period in which you acquire or import the fuel. 65-5(3) Attribution rule for fuel you manufacture
Your fuel tax credit for taxable fuel that you manufacture is attributable to the *tax period or *fuel tax return period in which the fuel was entered for home consumption (within the meaning of the Excise Act 1901 ).65-5(4) Later attribution rule for fuel tax credits
If your return for a *tax period or *fuel tax return period does not take into account a fuel tax credit that is attributable to the period mentioned in subsection (1), (2) or (3), then the credit:
(a) ceases to be attributable to that period; and
(b) becomes attributable to the first period for which you give the Commissioner a return that does take it into account.
For another attribution rule for fuel tax credits, see subsection 46-5(4) (GST instalment taxpayers).
(Repealed by No 42 of 2009 )
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.