Taxation - Income TaxQuestion 5582 of 146
All Questions

12. Mouriya & Co will be required to retain books of accounts and other records maintained under the provisions of the CGST Act, 2017 until _____________

Options

A31.03.2024
B07.03.2025
C07.02.2026
D07.03.2026
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option C07.02.2026

All Options:

  • A31.03.2024
  • B07.03.2025
  • C07.02.2026
  • D07.03.2026

Ad

Detailed Solution & Explanation

According to Section 36 of the CGST Act, 2017, every registered person required to keep and maintain books of account or other records shall preserve them until the expiry of 72 months (6 years) from the due date of furnishing of annual return for the year pertaining to such accounts and records.
For the financial year 2017-18, the due date of furnishing the annual return (GSTR-9) was 07.02.2020. (The actual date of submission does not alter the starting point, which is the due date).
Therefore, the books of accounts must be retained for 72 months from 07.02.2020:
07.02.2020+6 years=07.02.2026\displaystyle 07.02.2020 + 6 \text{ years} = 07.02.2026.

Hence, **Option C** is the correct answer.

More Questions from Taxation - Income Tax

Ready to Master Taxation - Income Tax?

Practice all 146 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free