GST Rollout - Key GST Rules Amended

The GST Council in its meeting on 11 June 2017 has taken the following decisions with respect to the accounts and records and registration Rules:

Accounts and records rules

• The draft accounts and records rules have been approved by the Council after making some important revisions taking into consideration the representations received from various stakeholders.
• A comparative summary of the key revisions is given below:
  
  

  Sr no	Earlier Draft Rule	Amendment	Effect of Amendment
  1.	A registered person was required to maintain separate books of accounts for each activity viz. manufacturing, trading and provision of services, etc.	This provision has been deleted.