TaxTMI 
TaxTMI 
Dear All,
Whether RG-1 (Daily Stock Account) is applicable on GST regime.
RG-1 (Daily Stock Account) is applicable on GST
23 May 2017 
4 Replies 
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Daily stock account may not be required under GST but equivalent accounts and records must be maintained.
The RG-1 register itself is not required under GST, but the substantive information formerly recorded in RG-1 must be maintained through the accounts and records rules; the specific register format is dispensed with, yet proper daily stock/accountal detail remains an obligation under existing record keeping rules. (AI Summary)
The RG-1 register itself is not required under GST, but the substantive information formerly recorded in RG-1 must be maintained through the accounts and records rules; the specific register format is dispensed with, yet proper daily stock/accountal detail remains an obligation under existing record keeping rules. (AI Summary)