https://www.taxtmi.com/acts?id=26982 The section mandates registered persons to keep accurate accounts at the principal place of business covering production, inward and outward supplies, stock, input tax credit and output tax, permitting prescribed electronic records and requiring storage-operators and transporters to maintain consignment records. The Commissioner may require additional documents or permit alternate recordkeeping for specified classes. A prescribed turnover threshold necessitates an audit by a chartered or cost accountant and submission of audited accounts and reconciliation; failure to account triggers assessment of tax on unaccounted supplies with statutory tax demand procedures applied. en-us Thu, 22 Jun 2017 15:23:55 +0530 Thu, 22 Jun 2017 15:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26982 The section mandates registered persons to keep accurate accounts at the principal place of business covering production, inward and outward supplies, stock, input tax credit and output tax, permitting prescribed electronic records and requiring storage-operators and transporters to maintain consignment records. The Commissioner may require additional documents or permit alternate recordkeeping for specified classes. A prescribed turnover threshold necessitates an audit by a chartered or cost accountant and submission of audited accounts and reconciliation; failure to account triggers assessment of tax on unaccounted supplies with statutory tax demand procedures applied. Act-Rules GST - States Thu, 22 Jun 2017 15:23:55 +0530 https://www.taxtmi.com/acts?id=26982