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CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Inspection, Search, Seizure, Offences and Penalties

On 3 March, an authorised officer demands the trial balance and audited annual accounts from the person in charge of a registered person's place of business under the access provisions. Within what period must these be made available for scrutiny, unless a further period is allowed?

The records must be made available within a period not exceeding fifteen working days from the day of demand, or any further period the officer, audit party or nominated accountant allows. This is the rule under the access to business premises provision.

  1. ASeven working days from the day of demand
  2. BFifteen working days from the day of demandCorrect
  3. CThirty calendar days from the day of demand
  4. DSixty days from the day of demand

Explanation

Section 71(2) requires the records to be made available for scrutiny within a period not exceeding fifteen working days from the day the demand is made, or such further period as the officer allows. Thirty calendar days is the period for returning unrelied documents in Section 67(3), a different rule.

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