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.
