Summary

• Schedule 2 to the Tax Laws Amendment (2010 GST Administration Measures No.1) Act 2010 clarifies that you can continue to attribute GST credits to a current or future tax period, however the four year time limit on claiming credits remains in place
• The measures apply for tax periods commencing on or after 1 July 2010

Links to documents

Legislation

• Tax Laws Amendment (2010 GST Administration Measures No.1) Act 2010
• Explanatory Memorandum

Media releases

• No 040/2010 issued on 1 July 2010