Assessment of tax

Assessment of tax:-

1. (1) Every dealer liable to pay tax under this Act shall furnish such return or returns, in such Form, in such manner and to such authority, within such time as may be prescribed.
2. (2) If the assessing authority is satisfied that any return submitted by a dealer is correct and complete, he shall assess the amount of tax due from the aforesaid dealer on the basis of such return.
3. (3) If the assessing authority is not satisfied that any return submitted by a dealer is correct and complete, he shall serve on such dealer a notice requiring him, on the date and at the hour and place specified therein, either to attend in person or to produce or cause to be produced any evidence on which such dealer may rely in support of such return.
4. (4) On the day specified in the notice or as soon afterwards as may be, the assessing authority shall, after hearing such evidence as the dealer may produce and such other evidence as the assessing authority may require on specified points, assess the amount of tax due from the dealer.
5. (5) If any dealer liable to pay tax under this Act fails to furnish any return or returns within the prescribed time, the assessing authority shall, after giving the dealer a reasonable opportunity of being heard, assess to the best of his judgment the amount of tax due from such dealer.
6. (6) If upon information which has come into his possession, the assessing authority is satisfied that any dealer has been liable to pay tax under this Act in respect of any period and has nevertheless failed to pay such tax, the assessing authority may at any time within such period as may be prescribed, serve on the dealer a notice requiring him to furnish such return and proceed to assess the tax due from him in regard to such period and the provisions of this Act shall apply as if such assessment were made under sub-sections
7. (3) or (4).