under Delhi Value Added Tax Act, 2004 - TaxGuru

AUDiT, iNSPecTioN AND eNfoRceMeNTbe preserved till the final decision in those proceedings. Any loss thereofshall be reported to the police and the Commissioner within a period offifteen days from the date of occurrence.• The term “Accountant” has already been defined in other relevantreferences to A.I of Part A.AnalysisUnder the DVAT Act, any dealer may be directed by the Commissioner toget his books of accounts and records examined and audited, in the specifiedcircumstances. The special audit shall be carried out under this Sectionnotwithstanding the fact that accounts of the dealer have already been auditedunder any other provisions of this Act or any other law for the time being inforce or otherwise.This audit is different from an audit by an accountant under Section 49and an audit by the Commissioner under Section 58 of the DVAT Act.III.1) circumstances for audit u/s 58AAt any stage of the proceedings under this Act, the Commissioner may directthe dealer to get his accounts examined and audited under Section 58A of theDVAT Act, having regard to the nature and complexity of the business of adealer and the interest of the revenue.The Commissioner may direct the special audit only in the followingspecified circumstancesi)any proceedings under this Act has already been initiated;ii) the nature and complexity of the business of a dealer require so; andiii) it is in the interest of revenue.III.2) Notice of Special AuditA written Notice shall be served on the dealer for examination and audit ofhis records and books of accounts.III.3) coMPETENT AUTHoRITy To coNDUcT THE SPEcIAL AUDITSpecial Audit under this Section can be conducted by any of the followingcompetent authorities:-[ 15 ]www.taxguru.in