Tax Book 2023

Offences and Penalties Chapter- 09

invoice when required under this Act. involved, whichever is higher.

3. Any person who un-authorizedly
   issues an invoice in which an
   amount of tax is specified.

Such person shall pay a penalty of

Rs.10,000 or 5% of the amount of the

tax involved, whichever is higher.

3, 7 and 23

4. Any person who fails to notify the
   changes of material nature in the
   particulars of registration of taxable
   activity.

Such person shall pay a penalty of

Rs.5,000.

14

5. Any person who fails to deposit
   the amount of tax due or any part
   thereof in the time or manner laid
   down under this Act or rules or order
   made there under.

Such person shall pay a penalty of

Rs.10,000 or 5% of the amount of the

tax involved, whichever is higher:

3, 6, 7 and 48

Provided that, if the amount of tax or any

part thereof is paid within 1 0 days from

the due date, the defaulter shall pay a

penalty of Rs.500 for each day of

default:

Provided further that no penalty shall be

imposed when any miscalculation is

made for the first time during a year:

Provided further that if the amount of tax

due is not paid even after the expiry of a

period of 60 days of issuance of the

notice for such payments by an officer of

Inland Revenue not blow the rank of the

Assistant Commissioner Inland

Revenue, the defaulter shall, further be

liable, upon conviction by a Special

Judge, to imprisonment for a term which

may extend to 3 years, or with fine which

may extend to amount equal to the

amount of tax involved, or with both.

6. Any person who repeats
   erroneous calculation in the return
   during a year whereby amount of tax
   less than the actual tax due is paid.

Such person shall pay a penalty of

Rs.5,000 or 3% of the amount of the tax

involved, whichever is higher.

7 and 26

7. Any person who is required to
   apply for registration under this Act
   fails to make an application for
   registration before making taxable
   supplies.

Such person shall pay a penalty of

Rs.10,000 or 5% of the amount of tax

involved, whichever is higher:

14

Provided that such person who is

required to get himself registered under

this Act, fails to get registered within 60

days of the commencement of taxable

activity, he shall, further be liable, upon

conviction by a Special Judge, to

imprisonment for a term which may

extend to 3 years, or with fine which may^