08 July 2017
Rule 56(5) of the CGST Rules provides that every registered person shall keep the particulars of the complete address of the premises where goods are stored by him, including goods stored during transit along with the particulars of the stock stored therein.Rule 56(6) provides that if any taxable goods are found to be stored at any place(s) other than those declared under sub-rule (5) without the cover of any valid documents, the proper officer shall determine the amount of tax payable on such goods as if such goods have been supplied by the registered person. Thus the only thing required is declaration of place of storage and proper accountal of goods at the place of storage. If it is done, goods can be stored anywhere without any restriction.
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