RS ROY SPAGNOLO & ASSOCIATES Chartered Accountants TIME LIMITS ON GST & FUEL TAX CREDIT CLAIMS Taxpayers should note that GST credits and fuel tax credits will expire if not claimed within the 4- year credit time limit (i.e., generally four years from the due date of the original BAS in which the taxpayer could have claimed them). Once credits expire, the ATO has no discretion or ability to amend the assessment to include those credits. The 4-year credit time limit is different to the period of review and applies more strictly. There may be situations where the ATO is able to amend for overpaid or underpaid GST or overclaimed credits, but additional credits cannot be included in an amendment assessment. A CHARTERED ACCOUNTANTS AUSTRALIA + NEW ZEALAND DIA TIP 7189 18 193 Yambil Street, Griffith NSW 2680 Ph: 6964 4400 | www.royspagnolo.com.au Like Us On facebook f 235745 RS ROY SPAGNOLO & ASSOCIATES Chartered Accountants TIME LIMITS ON GST & FUEL TAX CREDIT CLAIMS Taxpayers should note that GST credits and fuel tax credits will expire if not claimed within the 4- year credit time limit ( i.e. , generally four years from the due date of the original BAS in which the taxpayer could have claimed them ) . Once credits expire , the ATO has no discretion or ability to amend the assessment to include those credits . The 4 - year credit time limit is different to the period of review and applies more strictly . There may be situations where the ATO is able to amend for overpaid or underpaid GST or overclaimed credits , but additional credits cannot be included in an amendment assessment . A CHARTERED ACCOUNTANTS AUSTRALIA + NEW ZEALAND DIA TIP 7189 18 193 Yambil Street , Griffith NSW 2680 Ph : 6964 4400 | www.royspagnolo.com.au Like Us On facebook f 235745