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of <h1>Penalty for Failing to Collect or Pay Expenditure Tax: Equal to Uncollected Tax or Daily Fine Under Expenditure-tax Act, 1987</h1> Any person responsible for collecting expenditure-tax under the Expenditure-tax Act, 1987, who fails to collect the tax as required, must pay a penalty equal to the uncollected tax amount. If the tax is collected but not paid to the Central Government, the person must pay a penalty ranging from 100 to 200 rupees per day of continued failure, not exceeding the unpaid tax amount, in addition to the applicable interest.
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