Vat Actupdated - RS Goyal & Associates

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tax or interest payable or claim of any deduction and input tax rebate, he shall by issue of a
notice in the prescribed form require such dealer to make the payment of the additional
amount of tax and or interest payable by him within the period specified in such notice.
19 Tax Audit -
(1)
2 The Commissioner or an agency authorised by him shall , on previous intimation to the
dealer , undertake tax audit, in such manner as may be prescribed, of the records ,
stocks in trade and the related documents of the dealer, who are selected by him in the
manner as he may deem fit. 2
(2) The tax audit shall be generally taken up in the office, business premises or warehouse
of the dealer.
(3) [ For the purpose of tax audit under sub-section (1), the Commissioner 2 or an agency 2
authorised by him shall examine the correctness of the return or returns filed and
admissibility of various claims including input tax rebate .
--1.4.2006 to 24.12 .2007]
10 Omitted 10
2 (4) For the purpose of tax audit, the Commissioner or an agency authorised by him may
enter the place of business, office or warehouse of the dealer and require him to produce
books of account and documents relating to his business, and the dealer , shall produce
the books of account and the documents relating to his business as required.
(5) Tax audit shall be completed within a period of six calendar months from the date of
institution of the proceedings and after completion of tax audit, a report shall be prepared
and in case of tax audit by an agency authorised by the Commissioner, the report shall
be submitted to the Commissioner, who shall send a copy of the report to the dealer.
[(6) After such audit, if the return or returns filed by the dealer are not found to be correct, the
Commissioner shall by issue of a notice in prescribed form require such dealer to make
the payment of the additional amount of tax and /or interest payable by him, at such rate
as may be prescribed, within the period specified in such notice.
--1.4.2006 to 24.12 .2007]
(6)
10 After such audit, if the return or returns filed by the dealer are not found to be correct or
the dealer has not filed return or returns, the commissioner shall by issue of a notice in
prescribed form require such dealer to make the payment of tax and / or interest payable
by him, at such rate as may be prescribed, within the period specified in such notice. 10
(7) If the dealer does not comply with the requirements made in the notice, the
Commissioner shall assess or re-assess him to tax and interest and / or to imposition of
penalty, in accordance with the provisions of section 20. 2
20 : Assessment of tax
(1) The assessment of every registered dealer shall be made separately for every year :
Provided that,
(a) the Commissioner, may, subject to such conditions and restrictions as may be
prescribed assess the tax due from any dealer for any part of a year,
(b) a registered dealer who claims a refund of input tax rebate under the provisions of
sub-section (4) of section 14,-
(i)
(ii)
in his return for any quarter of a year and makes an application for that purpose,
along with such return or before the date on which the return for the subsequent
quarter becomes due, or
in his returns for a year and makes an application for that purpose before the date
on which the return for the first quarter of the subsequent year becomes due,