https://www.taxtmi.com/acts?id=47946 The substituted section 15 imposes a penalty for failure to collect or pay expenditure-tax: where a person fails to collect tax they must pay the tax and a penalty equal to the amount not collected; where a person collects but fails to remit, they are liable for interest under section 14 and a daily penalty which is subject to minimum and maximum limits but cannot exceed the tax unpaid. en-us Mon, 27 Jan 2025 15:45:37 +0530 Mon, 27 Jan 2025 15:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47946 The substituted section 15 imposes a penalty for failure to collect or pay expenditure-tax: where a person fails to collect tax they must pay the tax and a penalty equal to the amount not collected; where a person collects but fails to remit, they are liable for interest under section 14 and a daily penalty which is subject to minimum and maximum limits but cannot exceed the tax unpaid. Act-Rules F. Acts / Amendment Acts Mon, 27 Jan 2025 15:45:37 +0530 https://www.taxtmi.com/acts?id=47946