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Maintenance of accounts by registered persons

Rule 1 - ACCOUNTS AND RECORDS - Goods and Services Tax - Rule 1 - CHAPTER- ACCOUNTS AND RECORDS 1. (1) Every registered person shall keep and maintain, in addition to the particulars mentioned in sub-section (1) of section 35, a true and correct account of the goods or services imported or exported or of supplies attracting payment of tax on reverse charge along with relevant documents, including invoices, bills of supply, delivery challans, credit notes, debit notes, receipt vouchers, payment v .....

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off or disposed of by way of gift or free samples and balance of stock including raw materials, finished goods, scrap and wastage thereof. (4) Every registered person shall keep and maintain a separate account of advances received, paid and adjustments made thereto. (5) Every registered person, other than a person paying tax under section 10, shall keep and maintain an account, containing the details of tax payable (including tax payable in accordance with the provisions of sub-section (3) and .....

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of the premises where the goods are stored by him, including goods stored during transit along with the particulars of the stock stored therein. (7) If any taxable goods are found to be stored at any place(s) other than those declared under sub-rule(6) without the cover of any valid documents, the proper officer shall determine the amount of tax payable on such goods as if such goods have been supplied by the registered person. (8) Every registered person shall keep the books of account at the .....

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log of every entry edited or deleted shall be maintained. (10) Each volume of books of account maintained by the registered person shall be serially numbered. (11) Unless proved otherwise, if any documents, registers, or any books of account belonging to a registered person are found at any premises other than those mentioned in the certificate of registration, they shall be presumed to be maintained by the said registered person. (12)Every agent referred to in clause (5) of section 2 of the Ac .....

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d to every principal; and (e) tax paid on receipts or on supply of goods or services effected on behalf of every principal. (13) Every registered person manufacturing goods shall maintain monthly production accounts, showing the 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 thereof. (14) Every registered person supplying services shall maintain the accounts showing the quantitati .....

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