Transitional credit preservation: retain pre-GST invoices, excise and tax records, databases and ERP access to support future scrutiny.
Preservation of records supporting transitional credit and pre-GST transactions is essential; retain excise, VAT, service tax and related documentation including PLA balances, import/export records, purchase and sale invoices with excise details, stock-transfer invoices with waybills, F/H/C forms, industrial exemption and refund correspondence, original registration certificates, assessment orders and litigation files, and ensure electronic databases and ERP access (including master passwords) with formal handovers for retrieval and future scrutiny. (AI Summary)