What records and books of accounts must be maintained for VAT?

A taxpayer should maintain the following records and books of accounts:

• Record of taxable supplies made and received 
• Records of import of goods and services
• Records of export of goods and services
• Tax invoices or other alternative documents related to sales and purchases of goods and services
• Credit notes, debit notes and other alternative documents received and issued 
• Records of goods and services allocated for non-business purposes, along with the tax paid for them
• Records of goods and services that have been disposed, along with the payment made for them
• Records of goods and services purchased for which input tax was not deducted.
• Records of adjustments and corrections made to accounts or tax invoices.
• Tax records that include the following information:
  • Tax due on taxable supplies
  • Tax due after adjustments or error corrections
  • Tax due on supplies where tax was paid under the reverse charge mechanism
  • Recoverable input tax on supplies and imports
  • Recoverable input tax after adjustments or error corrections