GST: Period For Which Books of Accounts required to be retained as Per Section 43

Period For Which Books of Accounts required to be retained under GST as Per Section 43 1) Normal Circumstance* For a Period of 60 Months (5 Years) From the Last Date of Filling of Annual Return of that Year Example*:- If the Annual Return is filled on 25th September 2016 than records are required to be maintained Upto 25th September 2021. 2) If appeal or revision or any other proceeding is pending before any Appellate Authority or Tribunal or Court* For a period of one year after final disposal of such appeal or revision or proceeding, or for the period of 5 Yrs from Last date of Filing of Annual Return of that year, *whichever is later*. Example a) Date of Filing of Annual Return is 20-08-2016 for FY 2015-16, Date of final disposal of appeal with Tribunal is 15-04-2021.In this case book to be retained Upto 15-04-2022 b) Date of Filing of Annual Return is 20-08-2016 for FY 2015-16, Date of final disposal of appeal with Tribunal is 10-05-2020.In this case book to be retained Upto 20-08-2021   Above Write up is shared by CA Alok Jain (NIRC Member). He can be reached at Email:[email protected] and Mob:- 9899259011