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consequences of compounding of offences, VAT + CST |
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consequences of compounding of offences |
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Sirs/Madam,
Sec 79 of Karnataka VAT Act speaks of penalty for suppression..Whereas sec 82 speaks of compounding of offences. Plz tell me the consequences of compounding of offences. Do we have to pay the penalty as prescribed under sec 79 in addition to the compounding fees. or it is enough if we pay compounding fine or fees. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Under compounding process the assessee has to pay the amount as specified by the prescribed authority. This amount shall not exceed the amount of fine prescribed for the offence in addition to the duty and interest. Once the offence is compounded the dealer shall not be liable for prosecution in respect of such offence or to any other further penalty. Page: 1 Old Query - New Comments are closed. |
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