TaxTMI 
TaxTMI 
Penalties
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....or offences or failures occurring after the date of such notification; ^8[***] (3) Where two or more penalties arise under this Act in respect of the same conduct of a person, the person shall be liable to pay only the greater penalty. ^1[(4) Where a person who is required to be registered 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 pe....
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.... (a) furnishes a return under this Act which is false, misleading or deceptive in a material particular; or (b) omits from a return furnished under this Act any matter or thing without which the return is false, misleading or deceptive in a material particular; shall be liable to pay, by way of penalty, a sum of ^23[ one thousand rupees ] or the amount of the tax deficiency, whichever is the greater. (11) Any dealer who - (a) has claimed tax credit under section 14 of this Act to which he is not entitled; or (b) has claimed a greater tax credit under section 14 than is allowed; shall be liable to pay, by way of penalty, an amount equal to the amount of tax credit so claimed or ten thousand rupees, whichever is the greater. (12) Where a tax deficiency arises in relation to a person, the person shall be liable to pay, by way of penalty, a sum equal....
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....p; (15) Where a person who is required to prepare records and accounts under this Act, prepares records and accounts in a manner that is false, misleading or deceptive, the person shall be liable to pay, by way of penalty, a sum of one lakh rupees or the amount of the tax deficiency, if any, whichever is greater. (16) Where a person - (a) has issued a tax invoice or retail invoice with incomplete or incorrect particulars; or ^21[(b) having issued a tax invoice or retail invoice, has failed to account it correctly in his, books of account; or (c) failed to issue a tax invoice or retail invoice as required under the provisions of section 50 of this Act;" and ] the person shall be liable to pay, by way of penalty, an amount of five thousand rupees or twenty per cent of the tax deficiency, if any, whichever is greater. (17) Where a person who is not authorised under this Act to issue a tax invoice has issued a tax inv....
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....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 the goods brought or kept in stock or sold by any participant before or during or after the exhibition - cum-sale,; or (b) to ensure that all such participants in the exhibition-cum-sale have obtained registration under this Act and paid due tax ; or (c) to permit inspection of the business premises or goods or account and records of the participants ;or (d) to permit insp....
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....urnish 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 person in accordance with the provisions of this Act and the amount of tax paid by the person in respect of a tax period." 8. Deleted vide NOTIFICATION No. F.14(5)/LA-2013/Cons2Law/65 dated September 09, 2013, before it was read as, "Provided fur....