Penalty for failure to file a return

Tax200387 sections5 chapters

Chapter IV PROCEDURE AND ADMINISTRATION OF TAX

Statutory text

(1) Any VAT dealer, who fails to file a return where no tax is due, by the end of the month in which it was due, shall be liable to pay a penalty of Rs.5,000/-(rupees five thousand).
(2) Any dealer registered under sub-section
(7) of section 17 of the Act who fails to file a return where no tax is due shall be liable to pay a penalty of Rs.1,000/-. (rupees one thousand).
(3) Where a VAT dealer files a return, after the last day of the month in which it is due, he shall be liable to pay a penalty of fifteen percent of the tax due:

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