73. Certificate to be furnished by the Accountant. –

Where the accounts of a dealer are required to be audited under section 65, a certificate in the following form shall be furnished along with the audited accounts (Trading account, Profit and loss account and Balance sheet) for each year by the Accountant conducting such audit.

Form of Certificate

(See rule 73)

I/We have examined the trading account of __________________________________ (mention name and address of the dealer with TIN) as at 31st March________________________ and the Profit and Loss account and Balance Sheet for the year ended on that date. The said accounts are attached herewith.

2. I / We certify that the trading account, Profit and Loss account and the Balance Sheet are in agreement with the books of account maintained at the principal place of business at __________ and the branches at ______________.

3. I/We certify that the gross turnover and the taxable turnover returned by the dealer, the input tax credit claimed and output tax shown as payable in the returns furnished for the above mentioned year, are in agreement with the books of account maintained in the principal place of business and the branches at ___________.

4. (a). I/We report the following observations/ comments/ discrepancies/ inconsistencies, if any:

(b) Subject to above -

(i) I/We have obtained all the information and explanations which to the best of my/our knowledge and belief, were necessary for the purpose of audit.

(ii) In my/our opinion, proper books of account have been maintained at the principal place of business and branches of the dealer so far as it appears from my/our examination of the books.

(iii)In my/our opinion and to the best of my/our information and according to the explanations, that have been given to me/us, the said accounts, read with notes thereon give a true and fair view :-

· in case of trading account, the state of affairs of business of the dealer as on 31st March _________,

· in case of Profit and Loss account, the profit/loss or surplus/deficit of the dealer for the year ended on that date, and

· in case of the Balance Sheet, of the state of affairs of the dealer for the year ended on that date.