Section-54. Period of retention of accounts under Model GST Law
Every registered taxable person
required to keep and maintain books of account or
other records under sub-section (1)
of section 53 shall retain them until the expiry of
sixty months from the due date of
filing of Annual Return for the year pertaining to
such accounts and records:
PROVIDED that a taxable person, who
is a party to an appeal or revision or any other
proceeding before any Appellate
Authority or Revisional Authority or Tribunal or
Court, whether filed by him or by the
department, or is under investigation for an
offence under Chapter XIX, shall
retain the books of account and other records
pertaining to the subject matter of
such appeal or revision or proceeding or
investigation for a period of one
year after final disposal of such appeal or revision or
proceeding or investigation, or for the period
specified above, whichever is later.
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