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Record of goods lost, stolen, gifts to be maintained in GST

Record of goods lost, stolen, gifts to be maintained in GST

Thursday, April 20, 2017, 9:59 PM

A record of goods lost, stolen or destroyed as well as those given as free sample and gifts will have to be maintained under the new GST regime, which kicks in from July 1. Also, each volume of books of account will have to be maintained with serial numbers and any entry in registers, accounts and documents will not be erased, effaced or overwritten.
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