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

 

                 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.