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68. Preservation of books of accounts, registers, etc. M. VAT RULES

68. Preservation of books of accounts, registers, etc.

Every registered dealer shall preserve all books of accounts, registers and other documents relating to the stocks, purchases, dispatches and deliveries of goods and payments made towards sale or purchase of goods for a period of not less than five years from the expiry of the year to which they relate.

(To rule 68 of the principal rules, the following proviso is added, as per Notification No. VAT-1507/CR-17/Taxation-1 Dt. 31 October 2007)

Provided that where any proceeding have been initiated in respect of any registered dealer within the said period of five years, then the Commissioner may direct the said dealer to preserve the said books of account, registers and other documents, beyond the said period of five years till a final order is passed in respect of the said proceedings.

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .