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

Ritu Exports Ltd receives a demand to produce electronic records. Its accountant says records can be shown only on the company's own screen at its premises. Based on the CGST Rules, which is correct?

Ritu Exports must produce the relevant records on demand, duly authenticated by it, either in hard copy or in any electronically readable format. Allowing viewing only on its own screen does not satisfy the rule, and no CA signature or court order is required.

  1. AScreen viewing alone suffices, since the rule does not mention producing copies
  2. BThe registered person must produce the relevant records, duly authenticated, in hard copy or any electronically readable formatCorrect
  3. CProduction is required only in hard copy, signed by a Chartered Accountant
  4. DProduction is needed only if the demand is made by a court

Explanation

The rule requires production on demand of the relevant records or documents, duly authenticated by the registered person, in hard copy or any electronically readable format. Screen-only viewing does not meet this. The rule does not require a Chartered Accountant's signature, and it does not limit the demand to courts.

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