Amendment status not verified — confirm the current text below against the official source.
(l ) Every registered person sholl keep ond mointoin, ot his principol ploce of business, os mentioned in the certificote of registrotion, o true ond correct occount of- (o) produdion or monu{octure of goods; (b) inword ond outword supply of goods or services or both; (c) stock of goods; (d) input tox credit ovoiled; (e) output tox poyoble ond poid; ond (f) such other porticulors os moy be prescribed: Accounts ond other records. 153 Provided lhot where more thon one ploce of business is specified in the certificote ol registrotion, the occounts reloting to eoch ploce of business sholl be kept ot such ploces of business: Provided further thot the registered person moy keep ond moinloin such occounts ond other porticulors in electronic form in such monner os moy be prescribed. (2) Every owner or operotor o{ worehouse or godown or ony other ploce used for storoge of goods ond every tronsporter, irrespective of whether he is o registered person or not, sholl mointoin records of the consigner, consignee ond other relevont detoils of the goods in such monner os moy be prescribed. (3) The Commissioner moy notify o closs of toxoble persons to mointoin odditionol occounts or documents for such purpose os moy be specified therein. (4) Where the Commissioner considers thot ony closs of toxoble persons is not in o position to keep ond mointoin occounts in occordonce with the provisions ol this sedion, he moy, for reosons to be recorded in writing, permit such closs of toxo ble persons to mointoin occounts in such monner os moy be prescribed. (5) Every registered person whose turnover during o finonciol yeor exceeds the prescribed limit sholl get his occounts oudited by o t54 chortered occountont or o cost occountont ond sholl submit o copy of the oudited onnuol occounts, the recon ciliotion stotement under sub-seaion (2) of section 44 ond such other documents in such form ond monner os moy be prescribed. (5) Subiect to the provisions of clouse (h) of sub-section (5) of section 17, where the registered person foils to occount lor the goods or services or both in occordonce with the provisions of sub-section (l), the proper officer sholl determine the omount of tox poyoble on the goods or services or bottr thot ore not occounted for, os if such goods or services or both hod been supplied by such person ond the provisions of section 73 or sedion74, os the cose moy be, sholl, mutotis mutondis, opply for determinotion of such tox.