under Delhi Value Added Tax Act, 2004 - TaxGuru

AUDiT, iNSPecTioN AND eNfoRceMeNTthe Act i.e. make best judgment assessment based on materials gathered byhim.Suppression of inter-state purchases affects the credibility of the dealerand once his credibility is doubted by the Department, the onus is on thedealer to prove that other transactions are fully accounted by him.cASE:- V.: ABooBAckER VS. STATE oF kERALA (2010) 27 VST 308 (kER)It was held that if the accounts are found to be incomplete or incorrect onaccount of material defect found by the Department, such as purchase orsales suppression, whether it is local or inter-State, then the assessing officercan reject the books of account and will estimate the turnover in accordancewith the principles laid down in the Act and the law declared by High Courtsand Supreme Court.A.II AMENDED PRoVISIoNS oF SEcTIoN 49 (w.E.F 18.06.2012)If, in respect of any particular year, the gross turnover of a dealer exceedssixty lakh rupees or such other amount as may be prescribed, then, suchdealer shall submit a report in such manner, form and period as may benotified by the Commissioner.No notification has been issued by the Commissioner in this regard forprescription of manner, form and period till date.[ 7 ]www.taxguru.in