https://www.taxtmi.com/acts?id=41663 The substituted section empowers the Commission to impose a penalty up to one per cent of the higher of total turnover, total assets, or transaction value where a person or enterprise fails to notify under specified subsections of section 6, contravenes the prohibition in that section, or fails to submit information for an inquiry under section 20(1); a proviso allows a thirty-day cure period to file the primary notice where a later notice is declared void ab initio, and bars penalty action during that period. en-us Thu, 20 Apr 2023 11:34:15 +0530 Tue, 10 Sep 2024 11:21:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41663 The substituted section empowers the Commission to impose a penalty up to one per cent of the higher of total turnover, total assets, or transaction value where a person or enterprise fails to notify under specified subsections of section 6, contravenes the prohibition in that section, or fails to submit information for an inquiry under section 20(1); a proviso allows a thirty-day cure period to file the primary notice where a later notice is declared void ab initio, and bars penalty action during that period. Act-Rules F. Acts / Amendment Acts Thu, 20 Apr 2023 11:34:15 +0530 https://www.taxtmi.com/acts?id=41663