Essential Aspects of GST Record Keeping and Documentation

1. Important aspects in record keeping and documentation under GST CA Shankara Narayanan V GPVS & Associates CA Shankara Narayanan V, Chennai

2. Documents under GST • Tax Invoice • For Goods • Continuous Supply of Goods • Others • For Service • Continuous Supply of Service • Others CA Shankara Narayanan V, Chennai

3. Documents under GST • Revised Invoice • Within One month • Prior period • Bill of Supply CA Shankara Narayanan V, Chennai

4. Documents under GST • Receipt Voucher • Goods • Service • Refund Voucher CA Shankara Narayanan V, Chennai

5. Documents under GST • Self Invoice • Sec 31 (3) (f) • Un-Registered • Payment Voucher CA Shankara Narayanan V, Chennai

6. Documents under GST • Delivery Challan • Job Work • Supply • Others • CKD / SKD Scenarios CA Shankara Narayanan V, Chennai

7. Documents under GST • Debit Note • Scenarios • Time Limit • GST impact • Interest Impact CA Shankara Narayanan V, Chennai

8. Documents under GST • Credit Note • Scenarios • Time Limit • GST impact • Valuation / ITC Impact CA Shankara Narayanan V, Chennai

9. 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 CA Shankara Narayanan V, Chennai

10. Accounts & Records under GST CA Shankara Narayanan V, Chennai

11. Accounts & Records under GST CA Shankara Narayanan V, Chennai

12. Accounts & Records under GST CA Shankara Narayanan V, Chennai

13. Accounts & Records under GST CA Shankara Narayanan V, Chennai

14. CA Shankara Narayanan V, Chennai

15. GST ITC Accounting CA Shankara Narayanan V, Chennai

16. Accounts & Records under GST CA Shankara Narayanan V, Chennai

17. Accounts & Records under GST CA Shankara Narayanan V, Chennai

18. Accounts & Records under GST CA Shankara Narayanan V, Chennai

19. Accounts & Records under GST CA Shankara Narayanan V, Chennai

20. 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. CA Shankara Narayanan V, Chennai

21. CA Shankara Narayanan V, Chennai

22. CA Shankara Narayanan V, Chennai

23. 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. CA Shankara Narayanan V, Chennai

24. 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 CA Shankara Narayanan V, Chennai

25. 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 CA Shankara Narayanan V, Chennai

26. Thank you CA Shankar Narayanan V Mail@ shankar@gpvs.co.in CA Shankara Narayanan V, Chennai