05 April 2020
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.
06 April 2020
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.
06 April 2020
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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