Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Registered Persons Must Maintain Accurate GST Records; Non-compliance May Lead to Tax Determination Under Sections 73 or 74.</h1> Every registered person under the Bihar Goods and Services Tax Act, 2017, must maintain accurate accounts at their principal business location, covering production, supply, stock, input tax credit, and output tax. If multiple business locations exist, each must maintain its records, which can be kept electronically. Warehouse operators and transporters must record consigner and consignee details. The Commissioner can mandate additional records for certain taxable persons or allow alternative record-keeping methods. Businesses exceeding a turnover threshold must undergo an audit and submit relevant documents. Failure to account for goods or services may result in tax determination under sections 73 or 74.