LAKSHMI KANTH (TAX CONSULTANT) 24 November 2020
Sir. GST Audit by Departmental Officials - they are insisting the trial balance of the telangana state where the company is having business operations in more than 10 states having 10 GSTN's. But company firmly says that they are not in habit of maintaining/ preparing trial balance of statewise. So how do we go about it, any solution sir.
Pankaj Rawat (GST Practitioner) 27 November 2020
As per section 35 of CGST Act R/w rule 56, every registered person is liable to maintain proper accounting records.
Hence the audit department demanding the same is not wrong. you are liable to produce the same.