Section 36 of GST - Period of retention of accounts
Section 36 of GST - Period of retention of accounts . Everything you want to know about for GST Section 36, In this section we find complete details.||Section 36 of GST - Period of retention of accounts . Everything you want to know about for GST Section 36, In this section we find complete details.||Section 36 of GST - Period of retention of accounts . Everything you want to know about for GST Section 36, In this section we find complete details.||Section 36 of GST - Period of retention of accounts . Everything you want to know about for GST Section 36, In this section we find complete details.||Section 36 of GST - Period of retention of accounts . Everything you want to know about for GST Section 36, In this section we find complete details.||Section 36 of GST - Period of retention of accounts . Everything you want to know about for GST Section 36, In this section we find complete details.||Section 36 of GST - Period of retention of accounts . Everything you want to know about for GST Section 36, In this section we find complete details.||Section 36 of GST - Period of retention of accounts . Everything you want to know about for GST Section 36, In this section we find complete details.

Section 36 of GST - Period of retention of accounts
Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section 35 shall retain them until the expiry of seventy-two months from the due date of furnishing of annual return for the year pertaining to such accounts and records: Provided that a registered person, who is a party to an appeal or revision or any other proceedings before any Appellate Authority or Revisional Authority or Appellate Tribunal or court, whether filed by him or by the Commissioner, or is under investigation for an offence under Chapter XIX, shall retain the books of account and other records pertaining to the subject matter of such appeal or revision or proceedings or investigation for a period of one year after final disposal of such appeal or revision or proceedings or investigation, or for the period specified above, whichever is later. Related provisions of the StatuteSection or Rule | Description |
Section 35 | Accounts and other records |
Section 44 | Annual return |
Introduction
This section provides for the period up to which records and accounts must be retained by the registered person.Analysis
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Comparative Review
- Rule 5(3) of Service Tax Rules, 1994 provides that all records shall be preserved for a period of five years immediately after the financial year to which such records pertain.
- Chapter 6 of the CBEC’s Central Excise Manual obligates every assessee to maintain the records for a period of five years immediately after the financial year to which such records pertain.
- Different State VAT laws prescribe different time periods for maintenance of records. However, many States prescribed a period of five years.
- Where the proceedings are pending in appeal, revision etc., the records are generally maintained till the proceedings are finally concluded, though this is not specifically stipulated in the erstwhile laws. In fact, the books and records are required to be maintained till the time frame for revision proceedings stand open and are not barred by limitation of period.