Taxpayer unsuccessful in claiming GST credits

A taxpayer has lost the entitlement to tax credits as he was unable prove he had notified the ATO, within the required four-year time limit, of his entitlement to the credits. Kristie Schubert and Anthony Versace has details on the AAT case.

Background to the Administrative Appeals Tribunal (AAT) case, in Semmens and Commissioner of Taxation (Taxation) [2023] AATA 2060, is that the taxpayer failed to lodge his business activity statements (BAS) for the quarterly tax periods between 1 July 2004 and 30 June 2008 until May 2021. While the taxpayer sought to claim credits, they were disallowed as the taxpayer did not notify the Australian Taxation Office (ATO) of his entitlement within four years after the end of the respective tax ...

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Authors: Kristie Schubert, Anthony Versace

Published Date: 25 July 2023