Here is the tabulated form of penalties (All the penalties of LBT Rules 2010 Covered)
The above table gives maximum penalty which can be levied, the amount can be reduced by the commissioner. As it is "PENALTY", A state of Guilty mind has to be proved by the department for levying any of the penalty.
A opportunity of being heard has to be given to the assessee before levy of penalty as per Rule 48.
If I have missed anyone please mention in comments the Rule No of which I have missed.
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| Sr No | Offence | Maximum Penalty |
|---|---|---|
| 1 | Not issuing Bill | Double of LBT |
| 2 | Not applied for Rgistration | Ten times of LBT |
| 3 | Failed to comply with any notice | Rs 10,000 |
| 4 | Failed to disclose any entry of goods | Five Times of LBT |
| 5 | Claimed inaccurate refund | Five Times of LBT |
| 6 | Wrong Issue of Bill - First Time | Double of LBT |
| 7 | Wrong Issue of Bill - Subsequent | Five Times of LBT |
| 8 | Wrong Declaration or Certificate | Five Times of LBT |
| 9 | Non Filling of Return | Rs 5,000 |
| 10 | Contravenes provisions of section 152G | Rs 100 or Bill amt (higher) |
| 11 | fails to maintain accounts | Rs 5,000 or 2 times LBT (lower) |
The above table gives maximum penalty which can be levied, the amount can be reduced by the commissioner. As it is "PENALTY", A state of Guilty mind has to be proved by the department for levying any of the penalty.
A opportunity of being heard has to be given to the assessee before levy of penalty as per Rule 48.
If I have missed anyone please mention in comments the Rule No of which I have missed.
If you liked my work on this blog, share this on Facebook, or tell your friend about it.
