Download Assam vat FORM-47: Certificate of Audit of Accounts under the Assam Value Added Tax Rules, 2005
As per Assam Vat rule 35
The report of auditor under sub section (1) of section 62 shall be in Form-47 and Form-48.
(1) Where in any particular year, the gross turnover of a dealer exceeds forty lakhs rupees or such other amount as the Commissioner may, by notification in the Official Gazette, specify, then such dealer shall get his accounts, in respect of that year audited by an accountant within six months from the end of that year and obtain a report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed:
Provided that in a case where such dealer is required under any other law to get his accounts audited, it shall be deemed to be sufficient compliance if he gets his accounts audited under such law and furnishes an audit report as required under such law and a further report in the form prescribed under this section within the time specified under sub-section (2).
(2) A true copy of such report shall be furnished by such dealer to the Prescribed Authority by the end of the month after expiry of the period of six months during which the audit would have been completed.
(3) If any dealer fails to get his accounts audited under sub-section (1) and fails to furnish a true copy of the audit report within the time specified in sub-section (2), the Prescribed Authority may, after giving the dealer a reasonable opportunity of being heard, impose on him, in addition to any tax payable, a sum by way of penalty equal to half percent of the gross turnover or a sum of rupees one lakh, whichever is less.