Ramesh is a registered person in the state of Madhya Pradesh (MP). He wants to maintain accounts and records relating to GST at his principal place of business. Advise him about the accounts and other records to be maint

Ramesh is required to keep and maintain a true and correct account of: 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 such other particulars as may be prescribed Ramesh is required to retain the accounts or other record until the expiry of 72 months from the due date of furnishing of annual return for the year pertaining to such accounts and record. Where he is under an investigation under chapter XIX, shall retain the books of account and other records pertaining to the investigation for a period of one year after final disposal of such investigation or for the period specified i.e., 72 months, whichever is later.