Amendment status not verified — confirm the current text below against the official source.
(1) 12) 48 (l) Ifan)dealerliabletogethisaccountsaudiledunde.sub-sectiol](l)failstogethisaccounts audilcd and lumish atruecopy ofdle audit rcpoft witl]in the lime specified in sub-seclion (2)' theprescribed aulhority shall, after giving the dealer a I easonable opportunity ofbeing heard' imposeotlhim, i0 acldition to anytaxpayable, a sLlm by way ofpenalry equal to one percent of the tumover as it may cletelmine to tl'le lrest ofitsjudgement in respect of the said pedod' Explanrtion - For lhe pu4)ose ollllis sectioll, "Accounlanf' nleans a Chatered Accorrnhnr willlin the meaning oI Ll'le Chaftered Accouniant' Act, i 949 and includes a person who by viftue of ll'le provisions of sub-section (2) of section 226 of the Companies AcL 1956, is eotided to be appointed to act as an auditor' . Cornn: n:e" rcgr.,eted Lrnder the.did Acl. (2) (3) Dealer to declare thc name ofhis business managerl_ Every dealer, who is liable to pay tax and who is a Hindu Undjvided Family or an association olpcrsons. club or sociely , fit m olcompany, or who ls engeged in business as the gua'dian or trusteeorotherwiseonbehalfofanotherperso,shallq'ilhintheperiodprescdbcd ftrrnish a deciaralion in the manncr prescribe.l staling the Dame of the per'son orpe'sons who shall be ' deemed to be mana8er or managers of such dealea's business for the pulposes ofthis Act' Such declalation shall be lumished at the time of regislration' wherevd applicable and shalI be revised 1i om tilnc to time. 'fhc dcclaration fumished urlcler sub-section ( 1) shall aiso conlain the name and address with designatlon in relation to the busine'is ofsuch percons who are authonsed to receive notice and otheldocurnentsundelthisActandtheserviceofnotjceonsucl,]peNonssha]lbebindingon the dealer CHAPTERVII INSPECTION OF ACCOUNTS, DOCUMENTS, SEARCH AND SEIZURB AN'D ESTABI,ISHMENT OF CHECKPOSTS Maintelance ofaccount5 by transporter, ca'rier or transporting agett - Notwithstanding anytlling contained in any other law for tl'le time being in force' any transpofier' camer oi transfoltillg agent, shail maintain, in theprescribed fom' properaccounts oftaxable gocds transported by him into, or outsidc. orwithjn Sikkim an account ofany person or (l)