Assessment in GST is mainly focused on self assessment by the taxpayers themselves. Every taxpayer should have assess to taxes payable and furnish a return for each tax period. The compliance verification is done by the department through scrutiny of returns , audit or investigation. This we at GSTIndia.biz help our customers to maintain the records in following way.
Goods and Services Tax (GST) is a tax reform that will eliminate India's major indirect taxes – Excise, Service Tax, and VAT. However, record-keeping and reporting requirements under GST contain elements from each of these, and they are far from simple.
Section 35 of the GST Act explains the record-keeping requirements. In addition, in April 2017 the central government released draft rules for GST accounts and records (draft record rules), which lists additional GST accounting and record-keeping requirements.