| 54 : Furnishing of audit report by certain dealers and conditions for requiring a dealer or class of dealers to maintain accounts in different form and manner M.P. VAT RULES | |
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CHAPTER – VIII
54 : Furnishing of audit report by certain dealers and conditions for requiring a dealer or class of dealers to maintain accounts in different form and manner
(1) Every dealer required to furnish audit report under sub-section (2) of section 39 shall furnish the audit report
prepared by a chartered accountant for the purpose of income tax, to the appropriate Commercial Tax
Officer by 31 October of the succeeding year.
(2) If the Commissioner considers it necessary that a dealer or class of dealers shall maintain accounts
including records of sale or purchase in a particular form, he shall, after recording reasons therefor in writing –
(i) by issue of an order to such dealer, direct him; or
(ii) by issue of a notification under sub-section (2) of section 39 direct such class of dealers, to maintain accounts in the form appended to the order/notification after the expiry of the month following that in which such order or notification is made or issued, as the case may be.
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