Records to be maintained under service tax law:

As per Rule 5 the records as maintained by the taxpayer in accordance with the various laws in force shall be accepted but certain specific records are required to be maintained in view of Rule 5(2) of STR,1994.

Every assessee is required to furnish to the Superintendent of Central Excise (SCE) ,a list of accounts maintained by him in relation to service tax. This list is to be submitted once at the time of filing his first ST-3 Return  ( a ) Sales and Purchase Register (b ) Cash Book and Petty Cash Book (c ) General Ledger, etc.

All records and documents concerning any taxable service , CENVAT transactions etc. must be preserved for a minimum period of 5 years immediately after the financial year to which such records pertain  ( Rule 5 (3 ) of STR ,1994.)