Section 86(18) If any dealer liable to have his accounts audited under section 49 of DVAT Act fails to furnish true copy of audit report
Penalty Under Section 86(18) of Delhi Value Added Tax Act
If any dealer liable to have his accounts audited under section 49 of this Act fails to furnish a true copy of such report within the prescribed time.
Amount of Penalty
1% of Turn over or Rs. 1,00,000/- whichever is less
Maximum Amount of Penalty Rs. 100000/-
Penalties for various defaults under Delhi Value Added Tax (DVAT) Act