42A. For the purpose of section 49, a dealer whose gross turnover in a year exceeds one crore rupees, shall get his accounts of such year audited by an accountant, and shall be liable to submit a report, as notified by the commissioner, from time-to-time:

Provided that the commissioner may, by an order, require a dealer or class or classes of dealers, to submit a simplified version of the report in lieu of report notified by him under section 49,

Provided further that the commissioner may, by an order, exempt a dealer or class or classes of dealers, from furnishing a report, for the purpose of section 49.