Goods and Services Tax – GST – By: – R.S. Mangal – Dated:- 3-8-2017 Last Replied Date:- 8-8-2017 – The GST regime has just been implemented, hence it is upmost necessary to understand the provisions related to accounts and records by every registered persons. The relevant provisions of law in GST regarding Accounts and Records are detailed in Section 35 and Section 36 of Central Goods and Service Tax Act, 2017 read with Rule 56 to 58 of Central Goods and Service Tax Rules, 2017. . These provisions are discussed below- The registered person shall keep and maintain Books of accounts at his principal place of business and if having more than one place of business then accounts related to such additional place at such places keeping a true and correct account of- Production of Goods i.e. monthly production accounts showing quantitative details of raw materials or services used in the manufacture and quantitative details of the goods so manufactured including the waste and by products; Ser
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ouchers, payment vouchers and refund vouchers also a register of tax invoice, credit notes, debit notes, delivery challan issued or received during any tax period. (j) names and complete addresses of suppliers from whom he has received the goods or services chargeable to tax under the Act; (k) names and complete addresses of the persons to whom he has supplied goods or services, where required under the provisions of GST Rules; (l) the complete address of the premises where goods are stored by him, including goods stored during transit . (m) Special record for works contract showing – (i) the names and addresses of the persons on whose behalf the works contract is executed; (ii) description, value and quantity (wherever applicable) of goods or services received for the execution of works contract; (iii) description, value and quantity (wherever applicable) of goods or services utilized in the execution of works contract; (iv) the details of payment received in respect of each works con
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
er he is a registered person or not, shall maintain records of the consigner, consignee and other relevant details of the goods Special provisions for such persons – Such person, if unregistered, shall get unique enrolment number through the common portal by filing FORM GST ENR-01 The person enrolled under sub-rule (1) as aforesaid in any other State or Union territory shall be deemed to be enrolled in the State or Union territory. Transporters shall maintain records of goods transported, delivered and goods stored in transit by him along-with the Goods and Services Tax Identification Number of the registered consigner and consignee for each of his branches. every owner or operator of a warehouse or godown shall maintain books of accounts with respect to the period for which particular goods remain in the warehouse, including the particulars relating to dispatch, movement, receipt and disposal of such goods. The owner or the operator of the godown shall store the goods in such manner t
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =