Books of accounts RO n Additional Place

PERSON REGISTERED UNDER GST WITH TURNOVER MORE THAN 5 CRORE... ONE ADDITIONAL PLACE OF BUSINESS IS ALSO REGISTERED IN SAME STATE WHERE BUSINESS ACTIVITIES CARRIED ON ...
GSTIN IS SINGLE...
QUESTION WHETHER SEPARATE BALANCE SHEET AND PROFIT N LOSS ACCOUNT TO BE MAINTAINED MANDATORY
OR
MAKE SINGLE BALANCE SHEET WITH Two Profit Loss Account with Consolidate PL account...
or
make single Balance sheet n single profit n loss account
Replies (3)
Quick Summary
This discussion addresses the accounting requirements for businesses registered under GST with a turnover exceeding 5 crore and an additional place of business within the same state. The core question is whether to maintain separate balance sheets and profit & loss accounts for each location, or if a single consolidated set of financials is sufficient, especially when operating under a single GSTIN. The thread explores various options, including single financials, consolidated P&L, or separate accounts, considering the implications for partnership firms.

Make single financials since only one GSTIN
Need to maintain only consolidated financials
In case of partnership firm

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