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GST credits can seem confusing, but a few simple tips can help you get it right.
The best way to ensure you don’t miss out on any credits you can claim is to lodge your activity statements on time. You have up to four years from the due date of an activity statement in which the GST credits and fuel tax credits could first be claimed, to claim them – otherwise your entitlement to claim those credits is lost.
When you submit your BAS this quarter remember that:
If you lodge your activity statement but forget to claim a GST or fuel tax credit, you can still claim it provided that:
Remember, registered tax agents and BAS agents can help you with your tax.
Find out more: