Recently the Goods and Services Tax (GST) in India has rolled out various heavy implication over the financial maintenance industry in which it has mandated the business entities to regularize the accounts and records of the transactions. In fact, each and every law prevailing has the government the taxpayer community to maintain certain accounts and registers in which records must be maintained for a certain period of time. The records of transactions are the very basis which is required to file the taxes and to be presented in front of official authority in case of any checkout. Then there is a series of assessment which will determine the tax liability of a taxpayer under GST scheme.
