Every Registered Person is required to keep and maintain the following records at the Principal Place of Business either manually or in electronic form.
Failure to maintain proper GST records can trigger serious legal and financial consequences under the GST Act.
If the registered person fails to maintain proper records in respect of goods or services, the Proper Officer shall treat such unaccounted goods / services as if the registered person had supplied them.
The Proper Officer will determine the tax liability on such unaccounted goods / services, which the registered person will be required to pay.
In addition to the tax determined, the registered person may be required to pay a penalty as may be imposed by the officer in this regard.
Easthebizz is the leading platform in India for providing all the services related to GST Accounts & records compliance & maintenance. Choosing us means handing your compliance to experts who don't just record data, but actively protect your business. We run advanced, continuous reconciliations to make sure every rupee of Input Tax Credit availed matches perfectly with your invoices, completely neutralizing the risk of credit reversal, interest penalties. We manage secure, digitally signed electronic books of accounts featuring clear audit trails, robust system logs, and backups to keep your historical data fully safe and immediately accessible.
Private Limited Company Registration
GST accounts and records are books and documents that every registered taxpayer must maintain, including purchase, sales, stock, tax payment, and Input Tax Credit records to comply with GST laws.
A registered person must maintain purchase registers, sales registers, stock registers, tax payment records, Input Tax Credit records, output tax liability records, and other prescribed documents.
GST books and records must generally be preserved for 72 months (6 years) from the due date of filing the annual return for the relevant financial year.
Yes. GST law allows businesses to maintain books of accounts either manually or in electronic form, provided they are accurate, accessible, and secure.
Failure to maintain GST records may lead to tax assessments, penalties, interest, and unaccounted goods or services being treated as taxable supplies.
Yes. If a business has multiple registered places of business, records relating to each location must be maintained at the respective premises.
Every person registered under GST must maintain prescribed books and records unless specifically exempted under GST provisions.
Proper GST records help ensure accurate tax filing, smooth audits, correct Input Tax Credit claims, and compliance with GST regulations.
GST record maintenance services include bookkeeping, purchase and sales reconciliation, ITC tracking, tax liability records, stock records, and compliance support.
EaseTheBizz provides expert GST bookkeeping, record maintenance, ITC reconciliation, secure digital records, audit-ready documentation, and end-to-end GST compliance support.
