topic accounts & records

1. The responsibility of maintaining the records lies with

(a) Registered person

(b) Owner of warehouse or godown

(d) All of the above

None

(a) I, III and IV

(b) All the six as given in above

(d) I, III, IV, V and VI

None

3. The books of account shall be kept and maintained at

(a) Principal place of business only

(b) Principal place of business and additional place of business as given in certificate of registration

(d) Place where factory is situated

None

4. Every registered person other than ………… shall keep and maintain an account, containing the details of tax payable, tax collected, taxes paid, ITC claimed, etc.

(a) Casual Taxable person

(b) Non-Resident Taxable Person

(d) All of the above

None

5. A registered person is required to keep particulars of

(a) Suppliers from goods/services have been received

(b) Recipients to whom goods/services were supplied

(d) Bankers to the firm

None

6. When accounts and records are maintained manually

(a) Each volume of books of accounts shall be serially numbered

(b) No entry to be erased or overwritten in the books

(d) All of the above

None

7. Mark & Co LLP is a registered person under CGST Act. It has maintained books of FY 2023-24 and the GST annual return was also filed before the due date. Upto what period, the books of account and ancillary records of FY 2023-24 have to be retained by it?

(a) 48 months from the due date of furnishing the annual return the books of account and ancillary records have to be retained by it

(b) 60 months from the due date of furnishing the annual return the books of account and ancillary records have to be retained by it

(c) 72 months from the due date of furnishing the annual return the books of account and ancillary records have to be retained by it

(d) 84 months from the due date of furnishing the annual return the books of account and ancillary records have to be retained by it

None

8. Which of the following is a specified person under CGST Rules for maintaining specific records?

(a) Agent

(b) Manufacturer

(d) All of the above

None

9. When records are maintained in electronic form under GST, the records so maintained shall by authenticated by means of:

(a) Manual signature on hand copy

(b) Signature

(d) Lock by the Service Provider

None

10. As per Section 36 of the CGST Act, 2017 a registered person who is party to an appeal/any other proceeding before any authority/tribunal shall have to maintain accounts and records pertaining to the matters of such appeal for a minimum period of …… after disposal of such appeal/ revision, as the case may be.

(a) 9 Months

(b) 18 Months

(d) 12 Months (ie, 1 Year)

None

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Topic - Accounts & Records

Topic -
Accounts & Records