Menu
Regarding bill books and expenses files
kya purane fy ka bill book aur expenses file Rakhine chayea ya is ko disposed kardena se koi dikkat to nae hai. Fy matlab 2014-15 se leke 2019-20 tak
Replies (11)
Quick Summary
Keep last 8 years books. Earlier than that you can dispose.
However it's best of you have all previous years data in digital format.
However it's best of you have all previous years data in digital format.
Last 8 years bill books should be retained
Why we keep last 8 years bill books
For income tax assessments. You need records for that. Gst law prescribes 5 years.
And in today's digital age keep all your data in digital formats. Easy to store and handle
8 years is prescribed as per law and as per gst that should be 5 years
Under GST Act as per section 36 of the CGST act 2017 , every registered person has to maintain books of Accounts for 72 month ( 6 years) .
72 months ( 6 yeras ) from the due date of furnishing of annual return for the year pertaining to such accounts and records .
Maintain all the records at least for 8 years
But for records pertaining to fixed assets, investments and other capital expenses must be maintained even if they are more than 8 years old
8 year for which
if you were an assessee in VAT regime and any of your assessments are pending. then due date is 5 years from such assessments.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
