Section-42. Levy of late fee
(1) Any registered taxable person who
fails to furnish the details of outward or
inward supplies required under
section 32 or section 33, as the case may be, or
returns required under section 34 or
section 40 by the due date shall be liable to
pay late fee of one hundred rupees
for every day during which such failure
continues subject to a maximum of
five thousand rupees.
(2) Any registered taxable person who
fails to furnish the return required under
section 39 by the due date shall be
liable to a late fee of one hundred rupees for
every day during which such failure
continues subject to a maximum of an
amount calculated at a quarter percent of his turnover
in the State.
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