Amendment of section 29 of Mah IX of 2005

In section 29 of the Value Added Tax Act,—

1. (1) in sub-section (3), for the words “equal to” the words “not exceeding the amount of tax due but not less than twenty five per cent. of” shall be substituted;
2. (2) after sub-section (7), the following sub-section shall be inserted, namely :— “(7A) In case of a dealer, who has filed late return on or after the 1st August 2012, and has also paid the late fee, under sub-section
3. (6) of section 20, the penalty in respect of such return, as it existed, shall not be recovered.”;
4. (3) after sub-section (11), the following sub-section shall be inserted, namely :— “(11A) Notwithstanding anything contained in sub-section (11), penalty under this section may be imposed while passing an order under this Act.”;
5. (4) sub-section
6. (12) shall be deleted.