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TMI BlogPenaltiesX X X X Extracts X X X X X X X X Extracts X X X X ..... ed under this Act has failed to apply for registration within one month from the day on which the requirement arose, a person shall be liable to pay, by way of penalty, an amount equal to one thousand rupees per day, from the day immediately following the expiry of the said period until the person makes an application for registration in the prescribed form, containing such particulars and information and accompanied by such fee, security and other documents as may be prescribed: Provided that the amount of penalty payable under this sub-section shall not exceed one lakh rupees.] (5) If, a registered dealer fails to comply with the provisions of sub-section (1) of section 21of this Act, the person shall be liable to pay, by way of penalty, a sum of 18[two hundred] rupees per day of default subject to a maximum of 10[ten] thousand rupees. (6) 19[If a registered dealer fails to comply with the provisions of sub-section (2) of section 22 of this Act, he shall be liable to pay, by way of penalty, a sum equal to two hundred rupees for every day of default subject to a maximum of twenty five thousand rupees. ] (7) If any person falsely represents that he is registered as a dealer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... higher, for the period of default. (13) Where a person is required under this Act to - (a) prepare records or accounts; or (b) prepare records or accounts in a prescribed manner; or 14[(c) retain prescribed or notified records or accounts; and the person (i) fails to prepare the prescribed or notified records and accounts, or (ii) fails to prepare prescribed or notified records and accounts in the prescribed manner; or (iii) fails to retain the prescribed or notified records and accounts for the prescribed period; or (iv) fails to retain and/or produce the prescribed or notified records at the principal place of business as recorded in his certificate of registration, or (v) fails to comply with a direction issued or fails to produce prescribed or notified records and accounts, or cause them to he produced, on or before the date specified in any notice served on him by the Commissioner or by an accountant or a panel of accountants or any other professional or panel of professionals nominated by the Commissioner in this behalf under sub-section (I) of section 58A; the person shall be liable to pay, by way of penalty, a sum of fifty thousand rupees or twenty per cen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ] 5[(21) Where a casual trader who is required to be registered under this Act has failed to apply for registration within stipulated period, the casual trader shall be liable to pay, by way of penalty, an amount equal to five thousand rupees per day, from the day immediately following the expiry of the due date until the person makes an application for registration under this Act ; Provided that the amount of penalty payable under this sub-section shall not exceed one lakh rupees. (22) If a casual trader required to furnish a return under this Act- (a) fails to furnish any return by the due date ; or (b) fails to furnish with a return any other document that is required to be furnished with the return ; the person shall be liable to pay, by way of penalty, a sum of one thousand rupees per day from the day immediately following the due date until the failure is rectified: Provided that the amount of penalty payable under this sub-section shall not exceed 16[twenty five] thousand rupees. (23) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... payable under sub-section shall not exceed ten thousand rupees." 3. Substituted vide Notification No.F.14(6)/LA-2012/cons2law/61, Dated 15.06.2012, before it was read as:- "(18) 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, the person shall be liable to pay, by way of penalty, a sum of ten thousand rupees." 4. Substituted vide Notification No.F.14(6)/LA-2012/cons2law/61, Dated 15.06.2012, before it was read as:-"the amount of tax payable on such goods" 5. Inserted vide DVAT (Second Amendment) Act, 2005; No.F.14(29)/LA/2005/333, Dated 16.11.2005., w.e.f. 16.11.2005. 6. Substituted vide DVAT (AMENDMENT) ACT, 2013 (DELHI ACT 01 OF 2013) w.e.f. April 1, 2013 before it was read as "3[(18) If, any dealer fails to comply with the provisions of section 49 of this Act, the dealer shall be liable to pay, by way of penalty, a sum of ten thousand rupees.]" 7. Substituted vide NOTIFICATION No. F.14(5)/LA-2013/Cons2Law/65 dated September 09, 2013, before it was read as, "(1) In this section "tax deficiency" means the difference between the tax properly payable by the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 'forty'. 16. Substituted vide NOTIFICATION No. F.14(5)/LA-2013/Cons2Law/65 dated September 09, 2013, before it was read as, `ten'. 17. Inserted vide NOTIFICATION No. F.14(5)/LA-2013/Cons2Law/65 dated September 09, 2013 18. Substituted vide F.14(6/LA-2015/cons2 law/112-126 - Dated 14-7-2015, before it was read as, "9[five] hundred" 19. Substituted vide F.14(6/LA-2015/cons2 law/112-126 - Dated 14-7-2015, before it was read as, "If a registered dealer - (a) fails to comply with the provisions of sub-section (2) of section 22 of this Act; or (b) fails to surrender his certificate of registration as provided in sub-section (7) of section 22 of this Act; the registered dealer shall be liable to pay, by way of penalty, a sum equal to one 11[thousand] rupees for every day of default subject to a maximum of 12[twenty five] thousand rupees." 20. Substituted vide F.14(6/LA-2015/cons2 law/112-126 - Dated 14-7-2015, before it was read as, "five hundred" 21. Substituted vide F.14(6/LA-2015/cons2 law/112-126 - Dated 14-7-2015, before it was read as, "(b) having issued a tax invoice or retail invoice, has failed to account it correctly i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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