The ATO recently released a draft ruling (MT 2018/D1) that would mean claims for input tax or fuel tax credits would have a time limit imposed on them.

The draft ruling sets out the Commissioner’s view on time limits applying to the entitlement to claim an input tax or fuel tax credit set out in:

  • subsection 93-5(1) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act), and
  • subsection 47-5(1) of the Fuel Tax Act 2006 (FTA).