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Sayed Nabil   20 June 2021

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


 11 Replies

CA Altamush Zafar

CA Altamush Zafar (GST Consultant)     20 June 2021

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.
Sourav

Sourav (Student)     20 June 2021

Last 8 years bill books should be retained
Sayed Nabil

Sayed Nabil   20 June 2021

Why we keep last 8 years bill books
CA Altamush Zafar

CA Altamush Zafar (GST Consultant)     20 June 2021

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

Sourav

Sourav (Student)     20 June 2021

8 years is prescribed as per law and as per gst that should be 5 years

prasad Nilugal

prasad Nilugal   20 June 2021

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) .
prasad Nilugal

prasad Nilugal   20 June 2021

72 months ( 6 yeras ) from  the due date of furnishing of annual  return for the  year  pertaining to such  accounts and  records . 

Ankit Neema

Ankit Neema   20 June 2021

Maintain all the records at least for 8 years
veerendar singh

veerendar singh (tax consultant)     20 June 2021

But for records pertaining to fixed assets, investments and other capital expenses must be maintained even if they are more than 8 years old
Sayed Nabil

Sayed Nabil   20 June 2021

8 year for which
Kunal Mittal

Kunal Mittal (FINANCE OFFICER)     22 June 2021

if you were an assessee in VAT regime and any of your assessments are pending. then due date is 5 years from such assessments.


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