Books of accounts RO n Additional Place

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.