Accounts and other records :
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 or 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 – section 35(1) of CGST Act.
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 – first proviso to section 35(1) of CGST Act.
Records in electronic form in prescribed manner – The registered person may keep and maintain such accounts and other particulars in the electronic form in the prescribed manner – second proviso to section 35(1) of CGST Act.
Commissioner can ask class of taxable persons to maintain additional records or in prescribed manner – The Commissioner may notify a class of taxable persons to maintain additional accounts or documents for such purpose as may be specified therein- section 35(3) of CGST Act.
To ensure uniformity all over India, such notification will be issued by Commissioner or Joint Secretary in Board – section 168(2) of CGST Act.
Relaxation in maintaining records – Where the Commissioner considers that any class of taxable persons 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 – section 35(4) of CGST Act.
To ensure uniformity all over India, such permission will be granted by Commissioner or Joint Secretary in Board – section 168(2) of CGST Act.