Requirement of State wise p/l u/s 65

[Anuj Bansal]

Can a assesses be compelled to submit state wise p/l for purpose of audit u/s 65 in case of multi state registration company. As per Section 35 and Rule 56 which illustrate records to be maintained under GST, there is no requirement for state wise p/l. More over there are many transactions which are accounted at head office level.

AI Summary

Can a Company with Multi-State GST Registrations Be Forced to Submit State-Wise Profit and Loss Statements? An inquiry was raised about whether a company with multi-state registrations under GST can be compelled to submit state-wise profit and loss statements for audit purposes under Section 65. The question highlighted that neither Section 35 nor Rule 56 mandates maintaining state-wise records. The reply suggested that while it is not obligatory, maintaining such records voluntarily by each state could be beneficial.