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of <h1>Karnataka GST Circular: Maintain Accounts at Principal Place for Auctions; Notify Officer if Needed; Input Tax Credit Clarified.</h1> The circular addresses issues related to maintaining books of accounts for additional business locations by principals and auctioneers involved in auctions of goods like tea, coffee, and rubber. It clarifies that while the Karnataka Goods and Services Tax Act requires maintaining accounts at each business location, they may be kept at the principal place of business if difficulties arise. This requires notifying the jurisdictional officer. The circular also confirms eligibility for input tax credit under certain conditions and aligns with previous central circulars. It is meant to provide clarity and should not be used for legal interpretation.
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