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CMA Final · Indirect Tax Laws and Practice · Accounts and Records

Sri Venkatesh Traders maintains its GST accounts electronically. On demand by the proper officer, which of the following is the registered person required to do under the CGST Rules, 2017?

The person must provide details of the files, their passwords, an explanation of the codes used, other information needed for access, and a sample print copy of the stored information. Rule 57(3) imposes this duty on registered persons keeping electronic accounts when the officer demands it.

  1. AProvide only a hard copy of the balance sheet
  2. BProvide details of the files, passwords, explanation of codes used and a sample print copy of the stored informationCorrect
  3. CHand over the computer server to the officer permanently
  4. DProvide records only if the officer gives 30 days' written notice

Explanation

Rule 57(3) states that where accounts are stored electronically, the person shall on demand give details of the files, passwords, explanation for codes where necessary, any other information needed for access, and a sample print copy. The other options are not provided in the rule.

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