TN VAT Records to kept how long

[venkat eswaran]

Dear all,

Under TNVAT act it is how many years our documents to be kept. In Tamil Nadu VAT implemented from 1.1.2007

Now they sent a VAT audit intimation to us and asked to records from 2007.

How many years it is compulsory to keep records for VAT?

Expecting your valuable replies

Thanks in advance

Venkat

AI Summary

VAT record retention: keep books until assessment; retain documents for potential six year review for under assessment or undervaluation.
Records under Tamil Nadu VAT must be retained until the assessment is completed; where the department suspects under-assessment or undervaluation of sale value, assessment may be opened within six years from the end of the relevant financial year, and records should be kept accordingly.