WebRequired Record Keeping Duration Your company must retain its accounting records … WebKeep income, expense, motor vehicle, and property records GST/HST and payroll …
Where to keep your records, for how long and how to request the
Webkeep appropriate records, such as stocktake records and logbooks to substantiate … Web20 mrt. 2024 · Under the GST Act, every taxpayer needs to keep the maintained … how many cc is the mt d7
Accounts, records and audit under GST KnowYourGST
As per the GST Act, every registered taxable person must maintain the accounts books and records for at least 72 months (6 years). The period will be counted from the last date of filing of Annual Return for that year. The last date of filing the Annual return is 31stDecember of the following year. For example: … Meer weergeven Every registered person is required to keep and maintain all records at his principal place of business. Meer weergeven Every registered taxpayer will have 3 ledgers under GSTwhich will be generated automatically at the time of registration and will be … Meer weergeven In spite of initial transition challenges, GST will bring in clarity in many areas of business including accounting and bookkeeping. While the number of accounts is more apparently under GST, once you go … Meer weergeven If the taxpayer fails to maintain proper records in respect of goods/services, then the proper officer shall treat such unaccounted … Meer weergeven WebBusiness records. You are required by law to keep records of all your transactions to be able to support your income and expense claims. A record is defined to include an account, an agreement, a book, a chart or table, a diagram, a form, an image, an invoice, a letter, a map, a memorandum, a plan, a return, a statement, a telegram, a voucher ... WebYou should keep proper records and accounts for 5 years so that the income earned … how many cc of air is in iv tubing