Section 36: Period of Retention of Accounts under GST
Section 36: Period of Retention of Accounts under GST
Every assesse shall retain books of accounts and other records until the expiry of 72 months (6 years) from the due date for filing of Annual Return for the year pertaining to such accounts and records. <br>For example, if the annual return for the F.Y. 2017-18 is filed on say 25.10.2018, then the books of account and other records are to be maintained till 31.12.2024.
In case an appeal or revision or any other proceeding is pending before any Appellate Authority or Revisional Authority or Appellate Tribunal or Court, or in case the assesse is under investigation for an offence under Chapter XIX, the assesse shall retain the books of account and other records pertaining to the subject matter of such appeal or revision or proceeding or investigation or a period of one year after final disposal of such appeal or revision or proceeding or for the period as specified above, whichever is later.
