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CA Intermediate · Taxation · Accounts and Records

Sharma Traders, a registered person in Indore, maintains its books of account at its principal place of business and also stores goods at an additional place of business in Bhopal that is declared in its registration. Under the CGST law, where must the registered person keep the books of account and other records?

The books of account and other records must be kept at the principal place of business and also at every additional place of business shown in the registration certificate, since the CGST rules require records to be available at each declared location.

  1. AOnly at the principal place of business
  2. BAt the principal place of business and at each additional place of business mentioned in the registrationCorrect
  3. COnly at the place where the proprietor resides
  4. DAt the office of a chartered accountant appointed by the person

Explanation

Rule 56 requires every registered person to keep and maintain books of account and records at the principal place of business and at each additional place of business mentioned in the certificate of registration. Keeping them only at the principal place ignores the additional place declared.

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