TaxTMI 
TaxTMI 
Dear All,
Whether RG-1 (Daily Stock Account) is applicable on GST regime.
RG-1 (Daily Stock Account) is applicable on GST
Rajan Rajan
Discussion Concludes RG-1 Register Not Required Under GST, But Detailed Stock Records Still Necessary for Compliance A discussion on the applicability of the RG-1 (Daily Stock Account) under the Goods and Services Tax (GST) regime concluded that the RG-1 register is no longer required, having been dispensed with in 2000. However, maintaining proper accounts of goods supplied is still necessary under the accounts and records rules of GST. Participants agreed that while the specific register is not mandatory, the detailed information it contained remains relevant for compliance. (AI Summary)