(1) Every dealer liable to get his accounts audited under section 70 of the Act shall furnish to the Appropriate Assessing Authority, a copy of the audited Final Accounts within ten months of the financial year to which the audit report relates.

(2) A dealer not covered by sub-rule (1) shall furnish to the Appropriate Assessing Authority, a copy of the Final Accounts within a period of six months from the end of the financial year.

(3) In case dealer has a branch office in the State or has branch office outside the State or in any other case, has a part of the management outside the State, then, the final accounts as required under sub-rule (1) or sub-rule (2) shall be furnished by the dealer to Appropriate Assessing Authority in respect of its branch/es in the State.

(4) In case the dealer fails to furnish the final accounts as required by sub-rule (1) or sub-rule (2) or sub-rule (3), it shall be deemed as if no audit report in Form VAT XV or returns for the year, as the case may be, is/are filed by the dealer and the Appropriate Assessing Authority, upon recording reasons in writing, shall assess such dealer to the best of his judgment.