45. Scope of tax audit. –

(1) Tax audit shall comprise verification of all records, documents, books of account including electronic record, relating or incidental to the business of the dealer, computation of input tax credit as admissible, calculation of output tax charged, physical verification of stock-in-trade, collection of sample of goods and examination of such other records and documents, as may be required, to determine the actual tax liability of the dealer.

(2) A dealer, who fails to produce any account, record or document in course of the audit, shall if the officer-in-charge of the audit team so requires by notice in Form VAT-302, produce such accounts, records and documents in the office on the date and time specified in that notice.

(3) Audit visit report in Form VAT -303 shall be submitted by the officer-incharge of the audit team conducting audit to the assessing authority within seven days of the completion of the audit.