Section 86(16) A person has issued a retail invoice or tax invoice with in correct or incomplete particulars, or failed to account it correctly: Penalty u/s 86(16)

Section 86(16) A person has issued a retail invoice or tax invoice with in correct or incomplete particulars, or failed to account it correctly

Penalty Under Section 86(16) of Delhi Value Added Tax Act
Default

Where a person
(a) has issued a tax invoice or retail invoice with incomplete or incorrect particulars; or

(b) having issued a tax invoice or retail invoice, has failed to account it correctly in his books of account

Amount of Penalty
Rs. 5,000/- or 20% of the tax deficiency, if any, whichever is greater

Maximum Amount of Penalty Rs. 5,000/- or 20% of the tax deficiency, if any, whichever is greater

Penalties for various defaults under Delhi Value Added Tax (DVAT) Act

Section 86(4) Failed to apply for DVAT registration within one month from the day on which requirement arose

Section 86(5) Failed to file information for Amendment in Registration Certificate of Delhi Value Added Tax

Section 86(6) Fails to apply for cancellation of Registration Certificate under section 22(2) of Delhi Value Added Tax

Section 86(7) Any person falsely represents that he is a Registered Dealer of Delhi Value Added Tax: Penalty u/s 86(7)

Section 86(8) Fails to company with the condition of voluntary registration of Delhi Value Added Tax: Penalty u/s 86(8)

Section 86(9) Fails to furnish any return, Revised Return or other document under Chapter V Delhi Value Added Tax: Penalty u/s 86(9)

Section 86(10) Any Person furnish false DVAT Return or fails to furnish return or Omits Material Information: Penalty under Section 86(10) of Delhi Value Added Tax Act

Section 86(11) Any dealer who has claimed tax credit under section 14 of this Act or claimed a greater amount of tax

Section 86(12) Where a tax deficiency arises: Penalty u/s 86(12)

Section 86(13) A person fails to prepared required records and accounts or fails to prepare it in proper manner or fails to retain record for prescribed period: Penalty u/s 86(13)

Section 86(14) A person or dealer fails to provide the document required under section 59(2) or 59(3): Penalty u/s 86(14)