Entities will have to keep records of goods lost, stolen, destroyed and given as gifts or free samples under the goods and services tax (GST) regime, expected from July 1. Complying with the “accounts and record” draft rules, put in public domain on Wednesday, will add to the compliance burden of industry. “Every registered person …shall maintain accounts of stock in respect of each commodity received and supplied by him, and …particulars of the opening balance, receipt, supply, goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples and balance of stock, including raw materials, finished goods, scrap and wastage thereof,” the rule said.Each volume of books of account maintained by the registered person should also be serially numbered. Excise,a production based tax, was to be subsumed under GST, which is a supply based tax.Every registered person manufacturing goods will have to maintain monthly production accounts. They will now have to ...