Record retention rules require registered persons to keep GST accounts for prescribed period; extended retention applies during appeals or investigations. Registered persons must retain books of account and other records kept under section 35 for a statutory period measured from the due date for furnishing ... Summary
Record retention rules require registered persons to keep GST accounts for prescribed period; extended retention applies during appeals or investigations.
Registered persons must retain books of account and other records kept under section 35 for a statutory period measured from the due date for furnishing the annual return, being seventy two months. If a registered person is party to an appeal, revision, other proceedings, or is under investigation for an offence under Chapter XIX, records relating to those matters must be retained for one year after final disposal or for the ordinary retention period, whichever is later.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.