TaxTMI 
TaxTMI 
consequences of compounding of offences
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....onsequences of compounding of offences<br> Query (Issue) Started By: - basu p Dated:- 8-8-2013 Last Reply Date:- 13-11-2015 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Sirs/Madam, Sec 79 of Karna....
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....taka VAT Act speaks of penalty for suppression..Whereas sec 82 speaks of compounding of offences. Plz tell me the consequences of compounding of offences. Do we have to pay the penalty as prescribed ....
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....under sec 79 in addition to the compounding fees. or it is enough if we pay compounding fine or fees. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Under compounding process the assessee has to pay th....
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....e amount as specified by the prescribed authority. This amount shall not exceed the amount of fine prescribed for the offence in addition to the duty and interest. Once the offence is compounded the d....
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....ealer shall not be liable for prosecution in respect of such offence or to any other further penalty.<br> Discussion Forum - Knowledge Sharing ....