70. Accounts to be maintained by a registered dealer liable to pay turnover tax under clause (b) of section 9. –

(1) The following particulars shall be maintained by a dealer liable to pay turnover tax under clause (b) of section 9, namely : –

(a) the name and address of the person from whom goods are purchased supported by invoice, bill or delivery note issued by the seller under his signature;

(b) description of the goods;

(c) the quantity and value of goods so purchased under clause (a) above;

(d) the quantity and the value of goods sold, showing separately the sale of goods exempt from tax;

(e) counterfoils of retail invoices issued, which are serially numbered for each year.