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Un registered dealer

This query is : Resolved 

Assess running a small fancy shop.turnover below 40 lacs limit.
Assess which type of accounting books maintained.
1. If assess registered in gst act
2.If assess un registered in gst act.


in both cases, sales records, purchase records, stock records and cash book, bank book and debtors/creditors registers for the satisfaction of income tax officer/GST officer. There is no specified set of account books prescribed except for specified professions.

if he is registered under GST then these the above mentioned books should be as per the format prescribed under the GST act
otherwise it depends whether you file your return under presumptive taxation or not


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