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CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision

An officer authorised under section 71 CGST Act demands records from a registered person on 3 March. Within what period must the person in charge make the records available for scrutiny, unless a longer period is allowed?

The records must be made available within a period not exceeding fifteen working days from the day the demand is made, unless the officer, audit party or nominated professional allows a further period. This rule is in section 71(2) of the CGST Act.

  1. ANot exceeding fifteen working days from the day of demandCorrect
  2. BSeven days from the day of demand
  3. CThirty days from the day of demand
  4. DSixty working days from the day of demand

Explanation

Section 71(2) requires the person in charge to make the records available on demand for scrutiny within a period not exceeding fifteen working days from the day of demand. The officer, audit party or nominated CA or cost accountant may allow a further period. The records include the trial balance, audited annual accounts, cost audit report and income-tax audit report, among others.

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