From www.breednet.com.au: A recent case reviewed by the Administrative Review Tribunal affirmed that a taxpayer was denied input tax credits for GST due to filing her claims more than four years after the required deadline.

The tribunal established that the taxpayer failed to meet the necessary criteria stipulated in the GST Act and had confused input tax credits with input taxed supplies.

This ruling underscores the importance of timely GST registration and claims for those in the horse breeding and racing industry.