THE WEST BENGAL VALUE ADDED TAX RULES, 2005
CHAPTER XI : Cases and manner of issuing a tax invoice, invoice, cash memo or bill, penalty for non-issue or improper issue of tax invoice, invoice, cash memo or bill, and maintenance of accounts registers, documents etc., production, inspection, seizure of accounts, registers, documents etc., furnishing of information, search and seizure of goods, sealing of house, room, warehouse, almirah, etc.

Body 87. Maintenance of accounts, registers, documents, tax invoices, invoices, bills, cash memos, vouchers, etc.

(1) Every registered dealer, other than those enjoying composition under different sub-sections of section 16 or sub-section (4) of section 18 or a shipper of jute, may, in his input tax account, record tax paid or payable on purchases as referred to in clause (18) of section 2 and on which input tax credit as per the provisions of section 22 is available.

(2) Every dealer, required to furnish return under sub-section (1) of section 32, shall, in his output tax account record-

(a) tax paid or payable on turnover of sales under sub-section (2) of section 16;

(b) tax paid or payable on turnover of sales under different sub-sections of section 16;

(d) tax paid or payable on contractual transfer price as referred to in sub-section (4) of section 18 ;

(e) purchase tax payable under section 11 and under section 12.

(3) Every registered dealer, to whom input tax credit is available, shall, for the purpose of determining net tax credit for a tax period, referred to in sub-section (17) of section 22, record the following in the input tax credit account -

(a) input tax on which credit is available;

(b) outstanding input tax credit of the previous tax period;

(4) Every dealer, required to furnish return under sub-section (1) of section 32, shall maintain way bills received and documents, vouchers, tax invoices, invoices, bills or cash memos, counterfoils of way bills issued by him, as may be required in support of any entry in his accounts, registers, documents including those in the form no. of electronic records, that he is required to maintain under section 63.

(5) Every dealer required to furnish return under sub-section (1) of section 32, shall maintain accounts relating to the quantity and value of goods purchased or manufactured, or sold, or used in execution of works contract, or held in stock in accordance with the accepted principles of accounting, and which should be consistent with the method or system earlier followed by him:

Provided that where a dealer intends to change the method or system being followed by him, he shall inform the assessing authority beforehand.

(6) A registered dealer who has paid fixed amount as given in sub- rule (3 A) of rule 38, while opting to pay tax under sub-section (3) of section 16, shall not be required to maintain any accounts, registers, etc. as called for in this rule or any other rule barring those generally required to be maintained by him under the generally accepted accounting principles.