Page 4 - Ch13_ ACCOUNTS, RECORDS & E-WAY BILL

ACCOUNTS & RECORDS

01. Section 35 read with Rule 56:- Maintenance of accounts & other records by registered persons
CCP 13.01.01.00
Who is required to maintain books of accounts and at which place in terms of Section 35 read with
relevant rules? [Study Mat]

Answer :-
Ü Every registered person shall keep & maintain his books of accounts at his principal place of business &
additional place of business (if any) as mentioned in certificate of registration.
Ü If more than one place of business is specified in the certificate of registration, the accounts relating to each

place of business should be kept at such places of business.

CCP 13.01.02.00
Mr. Sky is engaged in the business of trading of mobiles. He is eligible for composition scheme and has

opted for the same. He seeks your advice for records which are not required to be maintained by him as
composition taxable person. [Study Mat]
Answer :-
As per rule 56(2) & (4) of CGST Rules, Following records are not required to be maintained by a supplier

who has opted for composition scheme but are required to be maintained by a normal tax payer:-
1) Stock of goods:-
Ü Accounts of stock in respect of goods received and supplied by him.
Ü Such accounts shall contain particulars of the opening balance, receipt, supply, goods lost, stolen,
destroyed, written off or disposed of by way of gift or free sample and the balance of stock including raw

materials, finished goods, scrap and wastage thereof.
2) Details of tax:-
Ü Account, containing the details of tax payable (including tax payable under reverse charge), tax collected

and paid, input tax, input tax credit claimed, together with a register of tax invoice, credit notes, debit
notes, delivery challan issued or received during any tax period.

CCP 13.01.03.00
Answer the following questions:-

1) Is there any specific set of records to be maintained by a person manufacturing goods? Mention.
2) Is there any specific set of details to be maintained by a supplier of service? Mention.
Answer :-

1) Yes, as per Rule 56 of CGST Rules, apart from other records, every registered person manufacturing
goods shall maintain monthly production accounts showing quantitative details of:-
- Raw materials or services used in the manufacture, and
- Goods manufactured including the waste and by products thereof.

2) Yes, as per Rule 56 of CGST Rules, every registered person supplying services shall additionally
maintain the accounts showing quantitative details of:-
- Goods used in the provision of services,
- Details of input services utilised and
- Services supplied.

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