Record retention requirements mandate preserving GST accounts for specified years, with extended retention during appeals or investigations. Registered persons must retain books of account and other records for seventy two months from the due date of the annual return for the year to which they ... Summary
Record retention requirements mandate preserving GST accounts for specified years, with extended retention during appeals or investigations.
Registered persons must retain books of account and other records for seventy two months from the due date of the annual return for the year to which they pertain. If the person is party to an appeal, revision, other proceedings, or under investigation for a tax offence, records pertaining to the subject matter must be retained for one year after final disposal or for the seventy two month period, whichever is later.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.