GST composition : manufacturer need not to maintain stock detailed accounts

By | July 20, 2017
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(Last Updated On: July 20, 2017)

Question : Does a manufacturer under the composition scheme need to maintain details of accounts of every supply received and made?

Answer: No, the requirement to maintain detailed accounts of stocks in respect of goods received and supplied, work in progress, lost, destroyed etc. does not apply to a manufacturer under the composition scheme. Such a person shall maintain a true and correct account of production or manufacture of goods, inward and outward supply of goods, stock of goods, tax payable and paid.

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