Skip to content

CA Final · Indirect Tax Laws · Accounts and Records; E-way Bill

During an audit, the officer asks Deshmukh Traders, a registered person whose accounts are stored electronically in encrypted files, to give access to the data. Under the CGST Rules, 2017, what must it provide on demand?

On demand, the person must provide details of the files, their passwords, an explanation of codes used where necessary, any other information needed for access, and a sample print copy of the information stored. Giving only passwords or only a print copy is not enough.

  1. AOnly a hard copy of the annual return
  2. BDetails of the files, passwords of the files, explanation for codes used where necessary, other information required for access, and a sample print copy of the stored informationCorrect
  3. COnly the passwords, with no explanation of codes
  4. DOnly a sample print copy, since passwords are confidential

Explanation

Where accounts are stored electronically, the person must on demand provide details of the files, passwords of the files, explanation for codes used where necessary, any other information required for access, and a sample copy in print form of the information stored. The password-only and print-only options each omit required items.

Did you get it right without looking?

One question tells you little. A timed set on Accounts and Records; E-way Bill shows your real accuracy, how long you take and where you lose marks.

Practise Accounts and Records; E-way BillFree diagnostic mock

More Accounts and Records; E-way Bill questions