section 72
Penalty for issue of tax invoice and for the use of false tax invoices
The Andhra Pradesh Value Added Sales Tax Act, 2003Tax200387 sections5 chapters
Chapter IV PROCEDURE AND ADMINISTRATION OF TAX
Statutory text
- (1) Any VAT dealer, who fails to issue a tax invoice or an invoice or a bill or cash memorandum as required by Section 14 and section 44 of the Act, shall be liable to pay a penalty of Rs. 1000/- (rupees one thousand) or double the amount of tax whichever is higher, for each offence.
- (2) Any VAT dealer, who issues a false tax invoice or receives and uses a tax invoice, knowing it to be false, shall be liable to pay a penalty of double the amount of tax shown on the false invoice.
- (3) Any TOT dealer or any other dealer who fails to issue a bill or cash memorandum as required by section 44 shall be liable to pay a penalty of Rs.250/- (rupees two hundred and fifty) or double the amount of tax whichever is higher, for each offence.
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