Section 42, Goods and Services Tax (Compensation to States) Act, 2017 [S28-65F]

As at 7 September 2026. In force from 17 January 2019 by S.O. 2168(E) [N12-JKA].

In Goods and Services Tax (Compensation to States) Act, 2017 [A11-MNA]. This text from 17 January 2019. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 42, Goods and Services Tax (Compensation to States) Act, 2017 [S28-65F]. Machine: S28-65F.

42. Maintenance of records and furnishing of returns.—(1) Every taxable person shall maintain such records and registers relating to the supply of goods or services as may be prescribed and shall preserve them for a period of five years. (2) Every taxable person shall furnish to the Board a return in Form GST REG-01 within ninety days from the end of every financial year, and such other information as the Board may, by order in writing, require.

Defined terms in this text (2)

Board: Section 2, Goods and Services Tax (Compensation to States) Act, 2017 [S284XJ] (In this Act, unless the context otherwise requires,—): "Board" means the Central Board of Indirect Taxes and Customs constituted under the Central Boards of Revenue Act, 1963 (54 of 1963)

Board: 279 more definitions.

goods: Section 2, Goods and Services Tax (Compensation to States) Act, 2017 [S284XJ] (In this Act, unless the context otherwise requires,—): "goods" includes vessels, aircraft and vehicles, stores, baggage, currency and negotiable instruments, and any other kind of movable property

goods: 38 more definitions.

Made under this section, or naming it (0)

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Cited by (0)

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Not held (0)

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Duties published under this section (0)

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