Books not maintained under GST
What happens for not maintaining books of account under GST for Goods and Services Supplied?
where the registered person fails to account for the goods and/or services in accordance with Section 35(1), the proper officer shall determine the amount of tax payable on the goods and/or services that are not accounted for, as if such goods and/or services had been supplied by such person, and the provisions of Sections 73 or Section 74 (Demand related provisions), as the case may be, shall apply, mutatis mutandis, for determination of such tax.[ Section 35 (6) of CGST Act ]
Note: · Under section 17(5)(h), input tax credit shall not be available in respect of goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples and
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