Penalty for certain offences.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ues any invoice or bill without supply of goods or services or both in violation of the provisions of this Act or the rules made thereunder ; (iii) collects any amount as tax but fails to pay the same to the Government beyond a period of three months from the date on which such payment becomes due ; (iv) collects any tax in contravention of the provisions of this Act but fails to pay the same ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....both either fully or partially, in contravention of the provisions of this Act or the rules made thereunder ; (viii) fraudulently obtains refund of tax under this Act ; (ix) takes or distributes input tax credit in contravention of section 20, or the rules made thereunder ; (x) falsifies or substitutes financial records or produces fake accounts or documents or furnishes any false informatio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....icer in accordance with the provisions of this Act or the rules made thereunder or furnishes false information or documents during any proceedings under this Act ; (xviii) supplies, transports or stores any goods which he has reasons to believe are liable to confiscation under this Act ; (xix) issues any invoice or document by using the registration number of another registered person ; (xx)....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d or utilized, (a) for any reason, other than the reason of fraud or any willful misstatement or suppression of facts to evade tax, shall be liable to a penalty of ten thousand rupees or ten per cent. of the tax due from such person, whichever is higher ; (b) for reason of fraud or any willful misstatement or suppression of facts to evade tax, shall be liable to a penalty equal to ten thousand....