- ATO published draft miscellaneous tax ruling MT 2024/D1 on 21 February 2024
- MT 2024/D1 discusses the four-year time limit for claiming GST input tax credits and fuel tax credits
- The time limit applies to taxpayers and is prescribed by specific sections of the GST law and fuel tax law
- Taxpayers must claim their tax credits within the four-year entitlement period or risk losing them, unless an exception applies
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
