In social media there are messages circulating that
"As per Rule 46(b) of the CGST Rules, 2017*
A *_new bill book_* is to be maintained for every new Financial Year.
*Today l.e. 01/04/2018* is the beginning of new Financial Year 2018-2019. Hence, the organizationhas to comply with the above mentioned rule.
*Please note -*
This _bill book has to be unique (using mixture of alphabets, numbers, hyphen, etc.)_ and consecutively numbered.
The maximum digits allowed are 16 (including Special Characters).
*Example of unique series -*
01/2018
GJ/01/2018
NCJA/GJ/01/2018"
However as per clause b of Rule no. 46 of CGST Act, a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters hyphen or dash and slash symbolized as “-” and “/” respectively, and any combination thereof, unique for a financial year;
As per my observation in case of manual bill books, a new bill book series can not be started from 1st day of new financial year, and also the bill book need to be consecutive serial numbered in case of manual bill books. So the person need not to start with new bill book for new financial year.
Is my points valid or not, Please help me.
CAclubindia
