THE WEST BENGAL VALUE ADDED TAX ACT, 2003
CHAPTER IV : Registration of a dealer, enrolment of a transporter, carrier or transporting agent, demand of security, amendment or cancellation of registration of a dealer or enrolment of a transporter, carrier or transporting agent, information to be furnished by a casual dealer, dealer in certain cases.

Body 30E. Statements, accounts, audit reports or declarations to be furnished by registered dealers and penalty for non-furnishing the same.

(1) Every registered dealer shall, in the manner as may be prescribed, submit before the prescribed authority such statements, accounts or declarations within such time as may be prescribed and shall verify that such statements, accounts or declarations are true to the best of his knowledge and belief.

(1A) omitted.

(1B) omitted.

(1C) Every registered dealer who is required, who are required to get his accounts audited under the provision of the Income Tax Act, 1961, shall, within such date as may be prescribed, submit a copy of the audit report as required to be furnished under that Act together with a copy of the Profit and Loss Account and Balance Sheet for such year.

(2) If a registered dealer fails to submit statements, accounts, audit reports or declarations, as the case may be , referred to in sub-section (1) or sub-section (1C), he shall be liable to pay a penalty not exceding rupees five thousand for each default, in the manner as may be prescribed.