GST MCQ | Accounts & Records | GST Training | CA classes

Section 35 of the CGST Act specified that every registered person shall keep and maintain true and correct accounts and records of

a. Inward supplies - Value and Taxes

b. Outward supplies - Value and Taxes

c. Stock of goods - whether as supplier of goods or services

d. ITC claimed and availed

e. Output tax collected and paid

Besides it also requires operator of warehouse or transporter who are unregistered to keep and maintain accounts and records of goods in transit and stored, details of consignor and consignee. Also if aggregate turnover for FY 2018-19 exceeds Rs. 5 Cr it shall get GST audit from a CA/CMA and furnish reconciliation statement in GSTR 9C. We have made GST MCQ which are best for revision.