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Section 86(11) Any person claim tax which he is not entitled or or claiming a greater tax credit: Penalty u/s 86(11)

 

Penalty Under Section 86(11) of Delhi Value Added Tax Act
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Any dealer who has claimed tax credit under section 14 of the Act to which he is not entitled, or has claimed a greater tax credit u/s 14 than is allowed.
Amount of Penalty
Rs. 10000 or the amount of tax so claimed whichever is higher.

Maximum Amount of Penalty Rs. 10,000/- or the amount of tax so claimed whichever is higher
 

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