https://www.taxtmi.com/article/detailed?id=7328 Every registered taxable person must maintain at the principal place of business true and correct accounts covering production, inward and outward supplies, stock, input tax credit availed, and output tax payable or paid, together with prescribed documents; specified classes may be required to keep additional records. Turnover-linked statutory audit requires submission of audited accounts and reconciliation statements to the proper officer. Warehouse operators must maintain consignor and consignee records. Failure to account for stolen, destroyed or disposed goods permits the proper officer to determine tax and proceed under assessment provisions. Records must be retained for the prescribed period, extended when appeals or investigations are pending. en-us Sat, 18 Mar 2017 11:04:23 +0530 Sat, 18 Mar 2017 11:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7328 Every registered taxable person must maintain at the principal place of business true and correct accounts covering production, inward and outward supplies, stock, input tax credit availed, and output tax payable or paid, together with prescribed documents; specified classes may be required to keep additional records. Turnover-linked statutory audit requires submission of audited accounts and reconciliation statements to the proper officer. Warehouse operators must maintain consignor and consignee records. Failure to account for stolen, destroyed or disposed goods permits the proper officer to determine tax and proceed under assessment provisions. Records must be retained for the prescribed period, extended when appeals or investigations are pending. Articles Goods and Services Tax - GST Sat, 18 Mar 2017 11:04:23 +0530 https://www.taxtmi.com/article/detailed?id=7328