Requirement for maintenance of records under Section 35 and Rule 56:
Every registered person will be required to maintain the following records at his principal place of business and at each additional place of business, regarding:
- Production/Manufacture of goods (production accounts showing raw materials or services used in the manufacture and the waste and by products of manufactured goods)
- Inward and outward supply of goods of services or both (including concerned tax documentation such as invoices, DC, bill of supply etc.)
- Stock of goods (Balance of stock including raw materials, FG, scrap and goods lost, stolen, destroyed and written off or disposed off as gift or free sample