Section 86(20) Statement to the commissioner: False, misleading, deceptive, omits statements
Penalty Under Section 86(20) of Delhi Value Added Tax Act
Default
Any person who
(a) makes a statement to the Commissioner which is false,
misleading or deceptive in material particular; or
(b) Omits from a statement made to the Commissioner any matter
or thing without which the statement is false, misleading or
deceptive in a material particular.
Amount of Penalty
Rs. 50000/- or the amount of tax deficiency whichever is greater
Maximum Amount of Penalty : Rs. 50000/- or amount of the tax
deficiency whichever is higher
Penalties for various defaults under Delhi Value Added Tax (DVAT) Act
Section 86(12) Where a tax deficiency arises: Penalty u/s 86(12)
Section 86(15) Prepares records and accounts i.e. false misleading or deceptive
Section 86(20) Statement to the commissioner: False, misleading, deceptive, omits statements
Section 86(22) A casual failed to furnish return or other document with return in the due date