Accounts and records obligations require registered persons to maintain prescribed GST books and submit audited accounts when turnover exceeds limit.

Registered persons must maintain 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, with accounts for multiple places kept at respective locations and permissible electronic maintenance; owners/operators of storage and transporters must keep consignor and consignee records; the Commissioner may require additional accounts or permit alternative prescribed methods; prescribed-turnover persons must obtain a statutory audit and submit audited accounts and reconciliation statements; unaccounted goods or services will be treated as supplies for tax determination with applicable assessment provisions.

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