Amendment status not verified — confirm the current text below against the official source.
(1) Subject to such conditions and in such manner as may be prescribed, the Commissioner shall, from among registered dealers, select on a random basis such percentage, or such class or classes of dealers, as may be prescribed, for audit of the accounts, registers or documents maintained or kept by such dealer for any year or part thereof, not being a period which has ended five years previous to the day of selection. (2) After a selection is made under sub-section (1), the Commissioner shall, with due notice to the dealer so selected, proceed to audit the accounts, registers and documents maintained or kept by the dealer to verify the correctness of returns furnished and the admissibility of various claims including the input tax credit for the year referred to in sub-section (1). (3) Any audit under this section shall be completed within six months from the date on which the selection is made by the Commissioner.