Which accounts and records are required to be maintained by a registered person?

The provisions relating to accounts and records required to be maintained under GST are contained in sections 35 and 36 of the CGST Act, 2017. A true and correct account of following is to be maintained: i. production or manufacture of goods; ii. inward and outward supply of goods or services or both; iii. stock of goods; iv. input tax credit availed; v. output tax payable and paid vi. such other particulars as may be prescribed The Commissioner may notify a class of taxable persons to maintain additional accounts or documents for such purpose as may be specified therein. Where the Commissioner considers that any class of taxable persons is not in a position to keep and maintain accounts in accordance with the provisions of this section, he may, for reasons to be recorded in writing, permit such class of taxable persons to maintain accounts in such manner as may be prescribed.