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CA Intermediate · Taxation · Accounts and Records

Kiran Steels, a registered manufacturer, maintains records under Section 35 of the CGST Act. Which one of the following is NOT specifically required to be maintained as an account or record under that section?

Personal household expenses of the proprietor are not required under Section 35. The section requires records of production, inward and outward supplies, stock of goods, input tax credit availed, output tax payable and paid, and other prescribed particulars, all relating to the business.

  1. AProduction or manufacture of goods
  2. BInward and outward supply of goods or services
  3. CStock of goods
  4. DPersonal household expenses of the proprietorCorrect

Explanation

Section 35(1) lists production or manufacture, inward and outward supply, stock, input tax credit availed, output tax payable and paid, and other prescribed particulars. Personal household expenses of the proprietor are not a GST record requirement, so that option is the correct answer.

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