(1) Every dealer, who is registered under the Act, or on whom a notice under sub-section (2) of section 33 has been served to furnish return, shall, subject to sub-rules (4) and (5), maintain a true and up-to-date accounts of goods-

(i) purchased or received otherwise than by way of purchases, in the purchase or input register;

(ii) sold or despatched outside the State otherwise than by way of sales by him, in the sales or output register;

(iii) held in stock,

for the purpose of business.

(2) A dealer referred to in sub-rule (1) shall maintain accounts of waybills issued and received, vouchers, bills, cash memos, tax/retail invoices, challan/delivery challan and such other documents, as may be required, in support of any entry in the purchase and sales register.

(3) Purchase and sales register referred to in sub-rule (2) shall be maintained tax rate wise so that the totaling made at the end of each tax period will show the purchases and sales under each tax rate and tax paid on such purchases and charged on such sales during that tax period.

(4) A registered dealer engaged in the manufacturing or processing of goods shall maintain true and up-to-date accounts of -

(i) capital goods purchased;

(ii) inputs purchased;

(iii) inputs used in manufacturing and processing of goods for sale;

(iv) goods manufactured including manufacturing account;

(v) goods sold; and

(vi) stock account of inputs, consumables, packing materials, fuel, and finished products and bye-products, if any.

(5) Omitted w.e.f. 01-07-2017