Penalties

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Full Text of the Document

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....e amount of the tax he would have paid under the provisions of this Chapter. (2) Every authorised dealer or money changer who fails to collect the tax leviable under this Chapter, or after collecting such tax fails to pay the tax to the credit of the Central Government under sub-section (2) of section 100 shall, in addition to the payment of the tax, if any, so collected, be liable to pay a penal....