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<h1>Registered persons must keep true, location-based electronic accounts of supplies, stock, tax credits; officers may assess missing records.</h1> Every registered person must keep true and correct accounts at the principal place of business recording production, inward and outward supplies, stock, input tax credit, output tax and other prescribed particulars; accounts for each business location must be kept at that location and may be maintained electronically as prescribed. Owners/operators of storage facilities and transporters must record consigner/consignee and relevant details. The tax authority may require additional documents or permit alternative record-keeping for specified classes. If a registered person fails to account for goods or services, the proper officer will determine taxable amounts as if supplies occurred and apply assessment provisions accordingly.