The Central Board of Excise and Customs (CBEC) recently issued three more GST Rules as per which, the appeals can be filed either through off line or on-line. The tax payers are also permitted to keep accounts and records on their computers under the new indirect tax regime. The applications for Advance Rulings can also be filed electronically.
It is proposed in the Draft Rules that all registered persons will also have to maintain records of monthly production, including details of raw materials and final goods as well as details of suppliers and retailers and warehouses where goods are stored.
Stock registers would also have to maintain details of goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples.
The rules stated that “every registered person shall keep the books of account at the principal place of business and at every related places of business mentioned in his certificate of registration and such books of account shall include any electronic form of data stored on any electronic device.”
The draft rules have also prohibited providing additional information or evidence to the Appellate Tribunal during hearing of the case. The order of the Appellate authority/ Tribunal, can be challenged before the High Court.
The Board has sought comments from the public on these draft rules by April 27 and these will be taken up for approval by the GST Council in its meeting on May 18 and 19.
Read the full text of three draft rules below.
