Accounts

Accounts. 70.

1. (1) Every dealer liable to pay tax under this Act, and every other dealer, who is required so to do by the Commissioner by notice served on him in the prescribed manner, shall keep true and up-to-date account of the sales and purchases of the goods made by him and of the cash received and paid by him from time to time, in the course of his business. Such account or sale or purchase registers, if separately maintained, shall also contain, in respect of each transaction for amount of not less than one thousand rupees, full details of the names and addresses of the selling dealer from whom the goods are purchased and the names and addresses of the purchasing dealers to whom the goods are sold, and where such transactions are effected through brokers it shall also contain the names and addresses of the brokers.
2. (2) The Commissioner may, subject to such conditions or restrictions as may be prescribed in this behalf, by notice in writing direct any dealer, or by notification in the Official Gazette direct any class of dealers, to maintain accounts and records showing such particulars regarding their purchases, sales or deliveries of goods, cash received and paid, in such form, and in such manner, as may be specified by him.
3. (3) Every Registered dealer shall keep all his accounts, registers and documents relating to his stocks of goods, or to purchases, sales and deliveries of goods made