TaxTMI 
TaxTMI 
Dear Sir,
Please let me know if GST is implemented will there be any change in record keeping for excise units. Can they combine trading & manufacturing activity under same place.
Regards
QUERRY REGARDING GST
24 Aug 2015 
13 Replies 
2226 Views Asked by
Tax on supply under GST could allow combined trading and manufacturing, changing record keeping obligations and compliance focus.
GST's levy on supply will shift the taxable event toward supply and is expected to change record keeping for manufacturing units; trading and manufacturing may be combined at a single premises once the statutory definition of supply is enacted. Drafts addressing registration, returns, payment and refund exist but remain provisional until final legislation specifies compliance obligations. (AI Summary)
GST's levy on supply will shift the taxable event toward supply and is expected to change record keeping for manufacturing units; trading and manufacturing may be combined at a single premises once the statutory definition of supply is enacted. Drafts addressing registration, returns, payment and refund exist but remain provisional until final legislation specifies compliance obligations. (AI Summary)