Accounts and records: mandatory maintenance, audit requirement, and tax determination on unaccounted supplies for noncompliance.

Registered persons must maintain prescribed accounts at their principal place(s) of business-covering production, inward and outward supplies, stock, input tax credit, and output tax-and may keep records electronically. Warehouse operators and transporters must keep consignment records. The Commissioner can require additional documents or permit alternative maintenance methods for specified classes. Persons exceeding the prescribed turnover must obtain statutory audits and submit audited accounts and reconciliation statements. If supplies are unaccounted, the proper officer will determine tax on such supplies and apply tax determination provisions mutatis mutandis.

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