M/s Cute and Co., a registered person under GST, filed an appeal with respect to denial of Input Tax Credit (ITC) pertaining to the financial year…

CA Final · Indirect Tax Laws · MTP · November 2026
M/s Cute and Co., a registered person under GST, filed an appeal with respect to denial of Input Tax Credit (ITC) pertaining to the financial year 2021-22. This appeal was disposed of in favour of M/s Cute and Co. on 30-09-2026. Annual return for the financial year 2021-22 was filed by it on 31-10-2022. Due date for filing annual return was 31-12-2022. M/s Cute and Co. seeks your advice regarding the period up to which it is required to retain the books of account and other records pertaining to the financial year 2021-22 under the provisions of the CGST Act, 2017. Give reasons in support of your answer.

Suggested Answer and Working Notes:

M/s Cute & Co., being a party to an appeal, is required to retain the books of accounts and other records pertaining to the subject matter of such appeal: (i) for a period of 1 year after final disposal of such appeal (i.e. 30-09-2027), or (ii) for 72 months from the due date of furnishing of annual return for the financial year 31-12-2022 (31-12-2028), whichever is later. Thus, M/s Cute & Co. needs to maintain books of accounts till 31-12-2028.

Topics: Accounts and Records; E-way Bill

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