Account/Records | Information Required | By Whom? |
Register of Goods Produced | Account shoud contain detail of goods manufactured in a factory or production house | Every assessee carrying out manufacturing activity |
Purchase Register | All the purchases made within a tax period for manufacturing of goods or provision of services | All Assessee |
Sales Register | Account of all the sales made within a tax period must be maintained | All Assessee |
Stock Register | This register should contain a correct stock of inventory available at any given point of time | All Assessee |
Input Tax Credit Availed | This register should maintain the details of Input Tax Credit availed for a given tax period | All Assessee |
Output Tax Liability | This register should maintain the details of GST liability outstanding to be adjusted against input credit or paid out directly | All Assessee |
Output Tax Paid | This register should maintain the details of GST paid for a particular tax period | All Assessee |
Other Records Specified | Government can further specify by way of a notification, additional records and accounts to be maintained | Specific Businesses as notified by the government |
27 Nov 2017
Home
Arun Jaitley
Final
GST
GST ACCOUNTING
GSTNEWS
Accounts To Be Maintained Under Goods and Services Tax Law
Accounts To Be Maintained Under Goods and Services Tax Law
Tags
# Arun Jaitley
# Final
# GST
# GST ACCOUNTING
# GSTNEWS
Share This
About Divyesh Gohel
GSTNEWS
Labels:
Arun Jaitley,
Final,
GST,
GST ACCOUNTING,
GSTNEWS
Subscribe to:
Post Comments (Atom)
Post Bottom Ad
Responsive Ads Here
Author Details
Tax Corner media is online news portal for the purpose of sharing valuable information about the Income Tax, Goods and Service Tax, Company Law, Digital India, Banking Sector, Accounting and Finance Services.
Our mission is to Simplify the Tax Laws and provide latest information to the all. If you have any knowledgeable information and want to share with us, we are happy to sharing here.
Thanks for Visit.
Admin : Divyesh Gohel
(Inter CA,M.com)
No comments:
Post a Comment