GST-Goods and Service Tax - 205. page

Goods and Services Tax Act – GST Law

Requirement for maintenance of records by works contract supplier:   Every works contract supplier will be required to maintain separate records of: Names and addresses of suppliers from whom inputs […]

Requirement for maintenance of records by Agent: Particulars of authorisation received from each principal   Particulars including description, value and quantity (as applicable) of goods or services received or supplied […]

Period of retention Every registered person required to maintain records for 72 months from the due date of furnishing of annual return for the year pertaining to such accounts and […]

Penal provisions Section 35 (6) – If a registered person fails to account for goods and services as specified under Section 35, the said unaccounted goods or services will be […]

Requirement for maintenance of records under Section 35 and Rule 56: Every registered person will be required to maintain the following records at his principal place of business and at […]

Requirement for maintenance of records under Section 35 and Rule 56: Input Tax Credit availed and Output tax payable and paid. (along with register of tax invoice, credit notes, debit […]

Rules regarding maintenance of records Records may also be maintained in electronic form authenticated by digital signature. Proper backup of the electronic record must be maintained and the same are […]

Owner or Operator of Warehouse / Godown and Transporter Every owner or operator of warehouse / godown, whether registered or not to maintain following records: Consigner/consignee details Period for which […]

Issues and concerns Due date of annual return: In the event the due date to furnish the annual return is amended for any reason, the registered person must bear in […]

Related provisions of the Statute