|
Sl. No. |
Non-compliances |
Penalty |
|
1. |
Non-compliance or irregularity for not applying for registration or enlistment within the prescribed time-limit; |
10,000/- |
|
2. |
Non-compliance or irregularity for not displaying the registration or turnover tax certificate in a visible place; |
10,000/- |
|
3. |
Non-compliance or irregularity for not informing the Commissioner of the change in the information of the economic activity; |
10,000/- |
|
4. |
Non-compliance or irregularity for not applying for cancellation of registration or enlistment within the prescribed time-limit |
10,000/- |
|
5. |
Non-compliance or irregularity for not abiding by the provision of section 9(5); |
10,000/- |
|
6. |
Non-compliance or irregularity for not filing the VAT or turnover tax return within the prescribed time period; |
10,000/- |
|
7. |
Non-compliance or irregularity for not issuing tax invoice, credit note, debit note, combined tax invoice and withholding certificate; |
10,000/- |
|
8. |
Non-compliance or irregularity for not keeping records in the prescribed manner; |
10,000/- |
|
9. |
Non-compliance or irregularity for not furnishing fixed security; |
10,000/- |
|
10. |
Non-compliance or irregularity for not filing the Input output co efficient within the prescribed time period
|
10,000/- |
|
11. |
Non-compliance or irregularity for not making inclusion of the output tax in the return; |
Twice the amount of output tax not included; |
|
12. |
Irregularities for taking more input tax credit than entitlement in the return; |
Twice the amount of input tax irregularly taken;
|
|
13. |
Irregularity relating to making an increase of a decreasing adjustment or making a decrease of an increasing adjustment in the return;
|
Twice the amount of increased decreasing adjustment or twice the amount of decreased increasing adjustment;
|
|
14. |
Irregularity for willingly evading or attempting to evade assessment and payment of taxes; |
Twice the amount of taxes evaded. |
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