Accounts and records obligations require registered persons to maintain specified business and tax records and permit prescribed electronic record-keeping. Registered persons must maintain true and correct accounts at the principal place of business recording production, supplies, stock, input tax credit ... Summary
Accounts and records obligations require registered persons to maintain specified business and tax records and permit prescribed electronic record-keeping.
Registered persons must maintain true and correct accounts at the principal place of business recording production, supplies, stock, input tax credit availed, output tax payable and paid, and other prescribed particulars; accounts for each specified place must be kept at that place and may be maintained in prescribed electronic form.
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