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of <h1>Assam GST Act Section 35: Maintain Accurate Business Records, Face Audit for High Turnover, Risk Tax Assessments for Non-Compliance.</h1> Section 35 of the Assam Goods and Services Tax Act, 2017 mandates that every registered person must maintain accurate accounts at their principal place of business, detailing production, supply, stock, input tax credit, output tax, and other prescribed particulars. If multiple business locations exist, records must be kept at each site, with electronic records permitted. Warehouse operators and transporters must also maintain goods records. The Commissioner can require additional documentation or allow alternative record-keeping methods. Registered persons exceeding a turnover threshold must undergo an audit by a chartered or cost accountant. Non-compliance may lead to tax assessments as if unaccounted goods or services were supplied.
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