Karnataka State Commercial Tax Department
Maintaining and preserving records to for the purpose of Sales tax Audit Purpose (Karnataka State)
Must normally keep your business records, for tax purposes, for a period minimum of six years
Examples of business records include but are not limited to:-
1) Orders and Delivery Notes
2) Business Correspondence,
3) Appointment and Job books,
4) Purchase and Sales books,
5) Cash books and other account books,
6) Purchase invoices and copy sales invoices,
7) Records of daily takings and supporting evidence such as till rolls,
8) Annual accounts including profit and loss account,
9) Import and Export documentation,
10) Bank statements and Paying in slips
11) Credit and Debit Notes
12) Your VAT accounts,
13) Keeping VAT-100 forms each month
14) If party has made e-payment challans
15) Annual Returns
16) C-Forms issued and Submitted forms Duplicate and Acknowledgment Copies of the respected year, (Quarters)
17) If the parties has changed or shifted shops or godown related to the rent agreement or shifting letters,
I hope it will help for beginners please comment your opinion this . If you find any missing information please comment.
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