Records to be maintained under Goods and Service Act, 2017

    Posted By : Ekta / Published on : 29-Mar-2019 04:57 AM / View : 189 / Comment : 2
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    What are the records which a person having custody over the goods in the capacity of a carrier or clearing and forwarding agent need to maintain?
    Read more on : service goods under maintained records

    • Dear ma’am,

      Under GST, the word Agent means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another. All agents or brokers, including real estate agents and brokers are required to maintain the following additional records:

       

      • Particulars of authorization received by him from each principal to receive or supply goods or services on behalf of such principal separately;
      • Particulars including description, value and quantity (wherever applicable) of goods or services received on behalf of every principal;
      • Particulars including description, value and quantity (wherever applicable) of goods or services supplied on behalf of every principal;
      • Details of accounts furnished to every principal; and
      • Tax paid on receipts or on supply of goods or services effected on behalf of every principal.

      Thank you.

      04-04-2019 / 05:02:35 AM
      Reply
    • Thank you so much.

      05-04-2019 / 10:51:59 AM
      Reply



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