NEW DELHI: A record of goods lost, stolen or destroyed as well as those given as free sample and gifts will have to be maintained under the new goods and services tax regime, which kicks in from July 1.
Also, each volume of books of account will have to be maintained with serial numbers and any entry in registers, accounts and documents will not be erased, effaced or overwritten, say draft rules for maintaining record under the GST.
The rules, released by the CBEC, provide for maintaining separate account or records for each activity, including manufacturing, trading and provision of services.
“A true and correct account of the goods or services” with relevant documents, including invoices, bills of supply, delivery challans, credit notes, debit notes, receipt, payment and refund vouchers and e-way bills will have to be maintained under the new GST regime that is scheduled to kick in from July 1. (AGENCIES)
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