36.1 Books/ records must be retained for 6 years from due date of annual return

Question-1 [ICMAI-I-D18-1(d)-(v)-1]

Time duration as per section 36 of the CGST Act, 2017 for retention of accounts and records under GST is until expiry of ...................... months from the due date of furnishing of annual return for the year pertaining to such accounts and record.

(A) 72; (B) 84; (C) 60; (D) None of the above

Question-1A [ICMAI-I-D18-1(d)-(v)-1]

As per GST law, every registered taxable person must maintain account books and records fot at least _____ from the due date of furnishing of annual return for the year pertaining to such return.

Question-2 [ICSI-E-D21-O-83-1]

As per section 36 of CGST Act, 2017, the time duration for retention of accounts and records is until expiry of from the………for the year pertaining to such accounts and records.

(A) 36 months, due date of furnishing of annual return

(B) 36 months, due date of actual filling of annual return

(C) 72 months, due date of furnishing of annual return

(D) 72 months, due date of actual filling of annual return

Question-2A [ICSI-E-J21-79-1]

Mark & Co. LLP is a registered person under CGST Act. It has maintained books of FY 2018-19 and the GST annual return was also filed before the due date. Up to what period, the books of account and ancillary records of the financial year 2018- 19 have to be retained by it ?

(A) 48 months from the due date of furnishing the annual return the books of account and ancillary records have to be retained by it

(B) 60 months from the due date of furnishing the annual return the books of account and ancillary records have to be retained by it

(C) 72 months from the due date of furnishing the annual return the books of account and ancillary records have to be retained by it

(D) 84 months from the due date of furnishing the annual return the books of account and ancillary records have to be retained by it

Question-2B [ICSI-E-D18-O-89-1]

The time duration for retention of accounts and records under Goods and Services Tax (GST) as per section 36 of the CGST Act, 2017 is:

(A) Until expiry of 36 months from the due date of furnishing of annual return for the year pertaining to such accounts and records

(B) Until expiry of 48 months from the due date of furnishing of annual return for the year pertaining to such accounts and records

(C) Until expiry of 60 months from the due date of furnishing of annual return for the year pertaining to such accounts and records

(D) Until expiry of 72 months from the due date of furnishing of annual return for the year pertaining to such accounts and records

Question-3 [ICSI-E-D20-O-90-1]

As per section 36 of CGST Act, 2017 the time duration for retention of accounts and records under GST is until expiry of ------------------- from the due date of furnishing of ------------------ for the year pertaining to such accounts and records.

(A) 36 Months; annual return

(B) 72 Months; annual return

(C) 36 Months; monthly return

(D) 72 Months; monthly return

36.1.1 In case of appeal etc, records must be retained for additional 1 year from final disposal of appeal etc.

Quesiton-1 [ICSI-E-D20-86-1]

As per section 36 of the CGST Act, 2017 a registered person who is party to an appeal/ any other proceedings before any authority/ tribunal shall have to maintain the accounts and books/records pertaining to the matters of such appeal for a minimum period of ----------- after disposal of such appeal/ revision as the case may be.

(A) 9 Months; (B) 18 Months; (C) 24 Months; (D) 1 Year