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of <h1>New Guidance for Auctioneers: Declare Warehouses, Maintain Accounts, and Claim Input Tax Credit Under CGST Act.</h1> The circular addresses the challenges faced by principals and auctioneers in maintaining books of accounts at each additional business location for auctioned goods like tea, coffee, and rubber. It clarifies that under the CGST Act, both parties must declare warehouses as additional business places and maintain accounts there. However, if difficulties arise, they may keep accounts at their principal business location after notifying the relevant officer. They are eligible for input tax credit, provided other Act provisions are met. This guidance is specific to goods supplied through auctions where auctioneers claim input tax credit.
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