9911796707
TMI BlogAccounts and Records in GST by Registered person [section 35(1) or (3) or (4) or (6)]X X X X Extracts X X X X X X X X Extracts X X X X ..... and maintaining accounts and records. Category of person required to maintain the books of account and which place of maintenance of such books of account [section 35(1) read with rule 56 (7) & (10)] * Section 35(1) of the CGST Act, 2017 provides that every registered person shall keep and maintain, at his principal place of business, as mentioned in the certificate of registration. The transporters, warehouse keepers are required to maintain records of consigner, consignee or any relevant details even if they are not registered in GST. They need to enrol for the purpose. * Place wise books for additional places where more than one place of business is specified in the certificate of registration, the accounts relating to each pla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 56(3)] * Every registered person shall keep and maintained a separate account of advances received, advance paid and adjustments made thereto. * Particulars of the persons [ Rule 56(5)] Every registered person shall keep the particulars of - (a) names and complete addresses of suppliers from whom he has received the goods or services chargeable to tax under the Act; (b) names and complete addresses of the persons to whom he has supplied goods or services, where required under the provisions of this Chapter; (c) the complete address of the premises where goods are stored by him, including goods stored during transit along with the particulars of the stock stored therein. * Tax on goods kept at other than declared l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 17(5)(h) * where the registered person fails to account for the goods or services or both in accordance with the provisions of section 35(1) of CGST Act, * the proper officer shall determine the amount of tax payable on the goods or services or both that are not accounted for, as if such goods or services or both had been supplied by such person and * the provisions of section 73 or section 74 [ or Section 74A (w.e.f. 01.11.2024 vide N.No. 17/2024 dated 27.09.2024) Inserted vide Finance (No.2) Act, 2024 ], as the case may be, shall, mutatis mutandis, apply for determination of such tax. Special power of commissioner to prescribe addition record or separate record section 35(3) and (4) of CGST Act * To maintain additional account ..... X X X X Extracts X X X X X X X X Extracts X X X X
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