Section 35 - Accounts and other records of CGST ACT, 2017

          35. (1) Every registered person shall keep and maintain, at his principal place of business,
as mentioned in the certificate of registration, a true and correct account of—
                 (a) production or manufacture of goods;
                 (b) inward and outward supply of goods or services or both;
                 (c) stock of goods;
                 (d) input tax credit availed;
                 (e) output tax payable and paid; and
                 (f) such other particulars as may be prescribed:
        Provided that where more than one place of business is specified in the certificate of
registration, the accounts relating to each place of business shall be kept at such places of
business:
        Provided further that the registered person may keep and maintain such accounts and
other particulars in electronic form in such manner as may be prescribed.
            (2) Every owner or operator of warehouse or godown or any other place used for
storage of goods and every transporter, irrespective of whether he is a registered person or
not, shall maintain records of the consigner, consignee and other relevant details of the
goods in such manner as may be prescribed.
            (3) The Commissioner may notify a class of taxable persons to maintain additional
accounts or documents for such purpose as may be specified therein.
            (4) Where the Commissioner considers that any class of taxable person is not in a
position to keep and maintain accounts in accordance with the provisions of this section, he
may, for reasons to be recorded in writing, permit such class of taxable persons to maintain
accounts in such manner as may be prescribed.
            (5) Every registered person whose turnover during a financial year exceeds the
prescribed limit shall get his accounts audited by a chartered accountant or a cost accountantand shall submit a copy of the audited annual accounts, the reconciliation statement under
sub-section (2) of section 44 and such other documents in such form and manner as may be
prescribed.
            (6) Subject to the provisions of clause (h) of sub-section (5) of section 17, where
the registered person fails to account for the goods or services or both in accordance
with the provisions of sub-section (1), the proper officer shall determine the amount of
tax payable on the goods or services or both that are not accounted for, as if such goods
or services or both had been supplied by such person and the provisions of section 73
or section 74, as the case may be, shall, mutatis mutandis, apply for determination of
such tax.

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