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

Sunrise Textiles Pvt Ltd, a registered person in Surat, keeps its accounts and records in electronic form. During a visit, the proper officer asks the company to produce the relevant records. Which of the following is consistent with the CGST Rules text on electronic records?

The company must produce the relevant records on demand, duly authenticated by it, either in hard copy or in any electronically readable format. The rule does not require advance notice, hard copy only, or certification by a Chartered Accountant.

  1. AThe company may refuse to produce records unless the officer gives written notice 30 days in advance
  2. BThe company must produce the relevant records, duly authenticated by it, in hard copy or in any electronically readable formatCorrect
  3. CThe company need only produce records in hard copy; an electronic format is not permitted
  4. DThe company must produce records only in a format prescribed by the officer, signed by a Chartered Accountant

Explanation

The rule says a registered person maintaining electronic records shall, on demand, produce the relevant records or documents duly authenticated by him, in hard copy or in any electronically readable format. No advance notice period, hard-copy-only condition or CA signature is stated. The hard-copy-only option is wrong because the rule allows either form.

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