Important aspects in record keeping and documentation under GST CA Shankara Narayanan V GPVS & Associates 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Documents under GST Tax Invoice For Goods Continuous Supply of Goods Others For Service Continuous Supply of Service 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Documents under GST Revised Invoice Within One month Prior period Bill of Supply 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Documents under GST Receipt Voucher Goods Service Refund Voucher 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Documents under GST Self Invoice Sec 31 (3) (f) Un-Registered Payment Voucher 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Documents under GST Delivery Challan Job Work Supply Others CKD / SKD Scenarios 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Documents under GST Debit Note Scenarios Time Limit GST impact Interest Impact 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Documents under GST Credit Note Scenarios Time Limit GST impact Valuation / ITC Impact 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST Advances For Goods Advances No Tax before GST GST Applicable from 1st July 2017 to 14th Nov 2017 No Tax from 15th Nov 2017 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST S.NO ACCOUNTS/RECORDS INFROMATION REQUIRED BY WHOM 1 Production or Manufacture of goods Monthly Production accounts showing quantitative details of : Raw materials or Services used in manufacture and The goods so manufactured (including the waste and by products thereof)   Registered person Manufacturing goods 2 Services supplied Accounts showing: Quantitative details of goods used in the provision of services, Details of input services utilized and The services supplied Registered person supplying Services 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST S.NO ACCOUNTS/RECORDS INFROMATION REQUIRED BY WHOM 3 Inward supply of goods or services (Purchase Register) All the details of Inward Supply of Goods and Services made including the Name and Complete address of the Supplier Registered person   4 Outward supply of goods or services (Sale Register) All the details of Outward Supply of Goods and Services made including the Name and complete Address of the receiver wherever applicable 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST S.NO ACCOUNTS/ RECORDS INFROMATION REQUIRED BY WHOM 5 Stock of Goods Accounts of Stock in respect of: Goods received and Supplied by him (Refer Annexure - A) Complete Address of the Premises where goods are stored by him including goods stored during transit along with the particulars of stock stored therein Registered person other than a person opted for Composition Scheme u/s 10   6 Input Tax Credit Availed Details of Input Tax Credit availed, Input Tax Credit claimed during a Tax Period (month-wise) 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai GST ITC Accounting 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST S.NO ACCOUNTS/ RECORDS INFROMATION REQUIRED BY WHOM 7 Output Tax Payable and Paid Details of Output Tax Payable including Tax payable under Reverse Charge and actual Tax Paid Registered person other than a person opted for Composition Scheme u/s 10   8 Import of Goods/Services All the details of Goods or Services imported during the Tax Period Registered person 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST S.NO ACCOUNTS/ RECORDS INFROMATION REQUIRED BY WHOM 9 Export of Goods/Services All the details of Goods or Services exported during the Tax Period Registered person   10 Inward Supplies attracting Reverse Charge Details of Inward supplies on which Tax is payable on reverse charge basis along with relevant documents (such as Invoices, payment voucher) 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST S.NO ACCOUNTS/ RECORDS INFROMATION REQUIRED BY WHOM 11 Outward Supplies attracting Reverse Charge Details of Outward supplies on which Tax is payable by the recipient of supply under reverse charge basis Registered person 12 Advance received Account of advances received by him and adjustments made thereto 13 Advance paid Account of advances paid and adjustments made thereto 28-04-2019 CA Shankara Narayanan V, Chennai

Accounts & Records under GST S.NO ACCOUNTS/ RECORDS INFROMATION REQUIRED BY WHOM 14 Works Contract Details to be maintained as given in Annexure-B Registered person executing works contract 15 Job Work Register Details of Inputs/Capital Goods sent to Job Worker and received back (Refer Annexure-C) Registered person sending Inputs/Capital Goods for Job work 16 Principal-Agent Records Details to be maintained as given in Annexure-D Agent as per section 2 (5) 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Annexure-B (Details to be maintained for Works Contract Service) Every registered person executing works contract shall keep separate accounts for works contract showing - a) The names and addresses of the persons on whose behalf the works contract is executed; b) Description, value and quantity (wherever applicable) of goods or services received for the execution of works contract; c) Description, value and quantity (wherever applicable) of goods or services utilized in the execution of works contract; d) The details of payment received in respect of each works contract; and e) The names and addresses of suppliers from whom he received goods or services. 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Annexure-D (Details to be maintained by an Agent) Every agent shall maintain accounts depicting the: a) Particulars of authorisation received by him from each principal to receive or supply goods or services on behalf of such principal b) Particulars including description, value and quantity (wherever applicable) of goods or services received on behalf of every principal c) Particulars including description, value and quantity (wherever applicable) of goods or services supplied on behalf of every principal d) Details of accounts furnished to every principal and e) Tax paid on receipts or on supply of goods or services effected on behalf of every principal. 28-04-2019 CA Shankara Narayanan V, Chennai

Record Maintenance - Location Principal Place of Business 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 28-04-2019 CA Shankara Narayanan V, Chennai

Period of Record Maintenance until the expiry of seventy two months from the due date of furnishing of annual return appeal or revision or proceedings or investigation for a period of one year after final disposal 28-04-2019 CA Shankara Narayanan V, Chennai

CA Shankara Narayanan V, Chennai Thank you CA Shankar Narayanan V Mail@ shankar@gpvs.co.in 28-04-2019 CA Shankara Narayanan V, Chennai