Issues in respect of maintenance of books of accounts relating to additional place of business by a principal or an auctioneer for the purpose of auction of tea, coffee, rubber etc.

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.... COMMISSIONER OF COMMERCIAL TAXES Ezhilagam, Chepauk, Chennai 600 005. PRESENT: DR.C.CHANDRAMOULI, I.A.S. Circular No.05/2017/TNGST dated: 21.12.2017 (RC 085/2016/A1/Taxation cell) Subject: Issues in respect of maintenance of books of accounts relating to additional place of business by a principal or an auctioneer for the purpose of auction of tea, coffee, rubber etc. Various....

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....business in such places. It has been represented that both the principal as well as the auctioneer may be allowed to maintain the books of accounts relating to the additional place(s) of business at their principal place of business itself. 3. The issue has been examined. In exercise of the powers conferred under section 168 (1) of the TNGST Act, for the purpose of uniformity in the implementat....

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....ess at their principal place of business instead of such additional place(s). (c) Such principal or auctioneer shall intimate their jurisdictional proper officer in writing about the maintenance of books of accounts relating to additional place(s) of business at their principal place of business. (d) Further, the principal or the auctioneer shall be eligible to avail input tax credit (ITC) s....