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How to record books of Accounts help me
Page no : 2
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 23 January 2024
VIRAAJ VASHISHTH
(81 Points)
Replied 25 January 2024
Maintaining Books of Accounts/Records under GST
Under the Goods and Services Tax (GST) regime, businesses are required to maintain books of accounts and records as per the rules prescribed by the government. These records are crucial for calculating the amount of tax payable by a business and also for claiming input tax credit (ITC) on purchases made.
How to maintain Books of Accounts and Records under GST?
Businesses can maintain books of accounts and records either manually or electronically. However, the following conditions must be met:.....
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