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CA Intermediate · Taxation · Accounts and Records

Rao Pharma Ltd., a registered person, is a manufacturer. Which of the following is a record that, under Rule 56 of the CGST Rules, 2017, a registered person engaged in manufacture must specifically maintain in addition to general accounts?

A manufacturer must maintain monthly production accounts giving quantitative details of raw materials or services used, goods manufactured including waste and by-products, as required by Rule 56 of the CGST Rules. PAN registers, attendance logs and income-tax payment records are not GST records.

  1. AMonthly production accounts showing quantitative details of raw materials or services used, goods manufactured and wasteCorrect
  2. BOnly a register of customers' PAN details
  3. CA log of employees' attendance
  4. DA record of income-tax advance payments

Explanation

Rule 56 requires manufacturers to maintain monthly production accounts showing quantitative details of raw materials or services consumed, the goods produced, and waste or by-products. The other options are not prescribed GST records for manufacturers.

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