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CA Intermediate · Taxation · Accounts and Records

Kapoor Logistics, a registered person in Indore, is a transporter. Under the CGST Rules, 2017, which statement correctly describes the additional accounts that a registered transporter or owner of a godown or warehouse must maintain?

A transporter or owner of a godown or warehouse must keep records of consignments transported or stored, delivery of goods from the godown, and the consignor and consignee particulars. The e-way bill alone does not replace these records, and exemption for transporters does not exist.

  1. ATransporters need not maintain any separate records because the e-way bill is sufficient
  2. BOnly the godown owner must keep records, while transporters are exempt from the rule
  3. CEach such person must maintain records of the consignment of goods transported or stored, including details of the delivery of goods from the godown, and the names of the consignors and consignees and other prescribed particularsCorrect
  4. DThey must maintain only records of their own purchases of fuel and vehicles

Explanation

Rule 56 requires transporters and owners of godowns or warehouses to maintain records of consignments, delivery from the godown, the consignor and consignee details and similar particulars. The suggestion that they need not maintain records is wrong, and limiting the records to fuel or vehicle purchases ignores the consignment details.

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