Goods and Services Tax (GST) – REQUIREMENT OF BOOKS & RECORDS

Posted By on February 4, 2019

As per section 35 of the CGST Act, 2017 and Chapter VIII of the CGST Rules, 2017 (hereinafter referred to as rules) provide that every registered person shall keep and maintain all records at his principal place of business. It also cast, responsibility on owner or operator of warehouse or godown or any other place used for storage of goods and on every transporter, irrespective of whether he is a registered person or not, to maintain specified records.

 

We are enclosing a detailed clarification issued by CBIC on the following issues:-

1. Laws regarding maintainence of Books, Accounts and Records under GST;

2. List of Books and Records required to be maintained;

3. Record Period for Preservation of Accounts;

4. Electronic Records; and

5. Person Responsible for Records.

 

gst Accounts & Records-01 GST Accounts & Records-2

Leave a Reply

Your email address will not be published. Required fields are marked *

DISCLAIMER

The Views expressed on this blog are strictly personal and for knowledge of our clients only. The contents of this blog are solely for informational purpose and it does not constitute any professional advice or recommendation. The laws related to GST and other taxes are under evolution and subject to constant changes and amendments over time. It is suggested to take specific legal advice and necessary due diligence before relying on the contents and information of this Blog. The authors of this blog, does not accept any liabilities for any loss or damage of any kind arising out of information on this blog and for any actions taken in reliance thereon.