Standardised PPT on GST Indirect Taxes Committee The Institute of Chartered Accountants of India

Disclaimer and Copy right This presentation has been prepared to provide a standard ‘user presentation’. The views expressed in this presentation are those of Speaker(s). The Institute of Chartered Accountants of India may not necessarily subscribe to the views expressed by the speaker(s). The information cited in this presentation has been drawn from various sources. While every efforts have been made to keep the information cited in this presentation error free, the Institute or any office do not take the responsibility for any typographical or clerical error which may have crept in while compiling the information provided in this presentation. Further, the information provided in this presentation are subject to the provisions contained under different acts and members are advised to refer to those relevant provision also. For clarifications write to us at idtc@icai.in © The Institute of Chartered Accountants of India This standardised PPT may be used by any person with due acknowledgement to the Indirect Taxes Committee of ICAI. © Indirect Taxes Committee, ICAI

Accounts and Records © Indirect Taxes Committee, ICAI

Accounts and Records Every registered person to furnish maintain following records at his principal place of business and at each additional place: Production / Manufacture of goods Inward and outward supply of goods of services or both Stock of goods Input Tax Credit availed Output tax payable and paid Account of advance received Records may be maintained in electronic form Annual audit by a Chartered Accountant or a Cost Accountant if turnover exceeds 1 crore during the financial year Books of account to be retained for a period of 72 months from the due date of furnishing annual return for the year © Indirect Taxes Committee, ICAI

Accounts and Records – Owner or Operator of Warehouse / Godown and Transporter Every owner or operator of warehouse / godown, whether registered or not to maintain following records: Period for which goods are stored in warehouse Particulars of dispatch, movement, receipt and disposal of goods Every transporter to maintain record of goods transporter, delivered and stored in transit along with GSTIN of the registered consignor and consignee for each of his branches; Such owner or operator of warehouse and transporter, if not registered to submit the details regarding his business in Form GST ENR-01. © Indirect Taxes Committee, ICAI

Thank You For any Clarification, Please Contact Indirect Taxes Committee of ICAI Email: idtc@icai.in, Website: www.idtc.icai.org