Section 86(23) Any person organizes exhibition cum sale in Delhi and fails to Comply with Delhi Value Added Tax Act
Penalty Under Section 86(23) of Delhi Value Added Tax Act
Default
Where any person who, whether as principal, agent or in any
other capacity organizes any exhibition-cum-sale in Delhi and
fails:
(a) to furnish any information in respect of the goods brought
or kept in stock or sold by any participant before or during or
after the exhibition; or
(b) to ensure that all such participants in the exhibition cum
sale have obtained registration under this Act and paid due tax;
or
(c) to permit inspection of the business premises or goods or
account and records of the participants; or
(d) to permit inspection of accounts and records of the
organizer in respect of the exhibition-cum-sale.
Amount of Penalty
Rs. 50,000/- or a sum equal to the amount payable on such goods
if such of goods were sold in Delhi, whichever is greater.
Maximum Amount of Penalty : Rs. 50,000/- or amount of tax
payable whichever is greater.
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