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CS Executive · Tax Laws and Practice · Procedural Compliance under GST

Meera Traders, a registered person, files its annual return for a year by the due date, and is not a party to any appeal or under investigation. For how long must it retain the books of account for that year under the CGST Act, 2017?

The books must be kept until seventy-two months have expired from the due date of furnishing the annual return for the year to which they relate. The period is measured from the due date, not the actual filing date or the year-end.

  1. AUntil the expiry of 72 months from the due date of furnishing the annual return for that yearCorrect
  2. BUntil 72 months from the end of the financial year
  3. CUntil 60 months from the actual date of filing the annual return
  4. DUntil 72 months from the date of registration

Explanation

Section 36 requires retention until the expiry of seventy-two months from the due date of furnishing the annual return for the year. The period runs from the due date, not the financial year-end or actual filing date, and is 72 not 60 months.

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