Assessment of tax

Assessment of tax.—

1. (1) If the prescribed authority is satisfied that the returns furnished under section 6 in respect of any period are correct and complete, he shall assess the amount of tax due from the registered dealer on the basis of such returns.
2. (2) If the prescribed authority has reason to believe that the returns furnished under section 6 are incorrect or incomplete, he shall serve on the registered dealer a notice in the prescribed form requiring him to attend and produce evidence in support of such returns.
3. (3) On the date specified in the notice or as soon as may be thereafter, the prescribed authority shall, after hearing the registered dealer and examining such evidence as he may produce, assess the amount of tax due from him.
4. (4) If a registered dealer fails to comply with the terms of any notice issued under sub-section (2), the prescribed authority shall assess, to the best of his judgment, the amount of tax due from him.
5. (5) If a registered dealer fails to furnish the returns under section 6 within the prescribed time, the prescribed 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 him.