GST – Need for preserving data bases, documents relating to pre-GST regime
By: – Srikanthan S
Goods and Services Tax – GST
Dated:- 27-9-2017<\/p>\n
India has moved forward to a single indirect tax system with effect from 1st July, 2017 which is considered to be a major milestone in the history of India.
\nAs is usual in any fiscal statute, various compliances have been prescribed under the new GST laws; the country is progressing in this direction with great support from the GOI and the IT back-bone GSTN.
\nAs we hear from various agencies about the amount of transitional credit availed by the registered dealers via TRAN-1 and the likelihood of scrutiny at some point in future, this Article is an attempt to draw attention to an impor<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s issued \/ received, H Forms issued (in respect of domestic transactions leading to Export), C Forms issued \/ received etc. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST – Need for preserving data bases, documents relating to pre-GST regimeBy: – Srikanthan SGoods and Services Tax – GSTDated:- 27-9-2017 India has moved forward to a single indirect tax system with effect from 1st July, 2017 which is considered to be a major milestone in the history of India. As is usual in any … Continue reading “GST – Need for preserving data bases, documents relating to pre-GST regime”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7985","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7985"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7985\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n * All documents \/ data relating to Industrial Exemptions enjoyed till 30.6.2017, refunds pending to be received from Central and State Governments, and correspondence relating thereto.
\n * Original Excise \/ VAT \/ Service Tax and other Registration Certificates to be preserved carefully.
\n * All assessment orders, notices and replies thereto, pending litigation related documents etc.
\n * Many a time, data relating to past pending assessments may be called for and hence preserving the data bases \/ ERP accesses (including master passwords) is essential so that retrieval is made easy in future. In many large organizatio<\/p>\n
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