Accounting Records

If the sale/turnover/gross receipts from the business or profession is more than Rs. 25,00,000 or the income from business or profession is more than Rs. 2,50,000 in any of the 3 preceding years, then books of accounts will be compulsorily maintained.

Cash Book

Journal

Ledgers

Copies of bills or receipts

Daily cash register with details of patients, services rendered, fees received and date of receipt (persons carrying on medical profession)

Details of stock of drugs, medicines, and other consumables used (persons carrying on medical profession)

Cash flow statement

Records of sales and purchases

Records of assets and liabilities

Items of cost

Deeds, vouchers, writing, documents, minutes, and registers whether in physical or electronic mode

Production or manufacture of goods

Inward and outward supply of goods or services or both

Stock of goods

Input tax credit availed

Output tax payable and paid and

Other particulars as may be prescribed

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