https://www.taxtmi.com/acts?id=2863 The provision fixes the time of recognition of turnover, turnover of purchases and related tax adjustments on the basis of a dealer's regularly and systematically maintained accounts that give a true and fair view and are used for commercial or income tax purposes. The Commissioner may permit or require alternative recording methods (cash or accrual) for specified classes of dealers, and a dealer may change methods only with the Commissioner's consent and conditions. The Government may prescribe the timing for recognition of turnover, purchases and adjustments for classes of transactions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 26 Sep 2008 17:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2863 The provision fixes the time of recognition of turnover, turnover of purchases and related tax adjustments on the basis of a dealer's regularly and systematically maintained accounts that give a true and fair view and are used for commercial or income tax purposes. The Commissioner may permit or require alternative recording methods (cash or accrual) for specified classes of dealers, and a dealer may change methods only with the Commissioner's consent and conditions. The Government may prescribe the timing for recognition of turnover, purchases and adjustments for classes of transactions. Act-Rules VAT - Delhi Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2863