This register should contain a correct stock of inventory available at any given point of time.
Following accounts and records will have to be maintained by every registered person:
(a) accounts of stock in respect of goods received and supplied; and such account shall contain particulars of the opening balance, receipt, supply, goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples and balance of stock including raw materials, finished goods, scrap and wastage thereof.
(b) a separate account of advances received, paid and adjustments made thereto.
(c) an account containing the details of tax payable, tax collected and paid, input tax, input tax credit claimed together with a register of tax invoice, credit note, debit note, delivery challan issued or received during any tax period.
(d) names and complete addresses of suppliers from whom goods or services chargeable to tax under the Act, have been received.
(e) names and complete addresses of the persons to whom supplies have been made
(f) the complete addresses of the premises where the goods are stored including goods stored during transit along with the particulars of the stock stored therein.
(g) monthly production accounts showing the quantitative details of raw materials or services used in the manufacture and quantitative details of the goods so manufactured including the waste and by products thereof.
(h) accounts showing the quantitative details of goods used in the provision of services, details of input services utilised and the services supplied.