The time duration for retention of accounts and records under Goods and Services Tax (GST) as per section 36 of the CGST Act, 2017 is:

CS Executive · Tax Laws and Practice · PYQS · December 2018

(A) Until expiry of 36 months from the due date of furnishing of annual return for the year pertaining to such accounts and records

(B) Until expiry of 48 months from the due date of furnishing of annual return for the year pertaining to such accounts and records

(C) Until expiry of 60 months from the due date of furnishing of annual return for the year pertaining to such accounts and records

(D) Until expiry of 72 months from the due date of furnishing of annual return for the year pertaining to such accounts and records

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: GST