Composition scheme ineligibility penalty equals tax liability payable in addition to regular tax under law. Section 10(5) provides that a person who has paid under the composition levy but is found ineligible shall be liable to a penalty equal to the tax payable as a normal taxable person, which penalty is in addition to the tax payable by him.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition scheme ineligibility penalty equals tax liability payable in addition to regular tax under law.
Section 10(5) provides that a person who has paid under the composition levy but is found ineligible shall be liable to a penalty equal to the tax payable as a normal taxable person, which penalty is in addition to the tax payable by him.
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