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Section 86(10) Any person furnishes a false, misleading or deceptive  DVAT Return under the Act or omits to file return: Penalty u/s 86(10)

 

Section 86(23) Any person organizes exhibition cum sale in Delhi and fails to Comply with Delhi Value Added Tax Act

 

 

 

Penalty Under Section 86(23) of Delhi Value Added Tax Act


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Where any person who, whether as principal, agent or in any other capacity organizes any exhibition-cum-sale in Delhi and fails:


(a) to furnish any information in respect of the goods brought or kept in stock or sold by any participant before or during or after the exhibition; or

(b) to ensure that all such participants in the exhibition cum sale have obtained registration under this Act and paid due tax; or

(c) to permit inspection of the business premises or goods or account and records of the participants; or

(d) to permit inspection of accounts and records of the organizer in respect of the exhibition-cum-sale.

Amount of Penalty
Rs. 50,000/- or a sum equal to the amount payable on such goods if such of goods were sold in Delhi, whichever is greater.
 
Maximum Amount of Penalty : Rs. 50,000/- or amount of tax payable whichever is greater.
 

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