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

During an inspection, the officer asks Meenakshi Traders, which stores accounts electronically, for access to its files. As per the CGST Rules text, which set of items must the registered person provide on demand?

The registered 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 copy in print form of the information stored in those files.

  1. AOnly a hard copy of the annual return and audit report
  2. BDetails of such files, passwords of such 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, since explanation of codes is not required
  4. DThe source code of the accounting software and a licence to use it

Explanation

The rule requires details of files, passwords, explanation for codes used where necessary, any other information needed for access, and a sample copy in print form. Providing only passwords is incomplete because code explanations and a print sample are also required. Source code is not mentioned.

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