Omitted fuel tax credits - choice between revising the original BAS to claim credits and claiming credits in a later BAS
28 February 2014
Where an entity did not claim a fuel tax credit entitlement in an earlier activity statement, the entity can choose between revising its earlier activity statement under subsection 65-5(1) of the Fuel Tax Act 2006 (FTA), or including the fuel tax credit in a subsequent activity statement under subsection 65-5(4) of the FTA?