How much penalty on late payment of cst tax in hp
This query is : Resolved
Ravinder chandel
(Querist)
13 September 2013
Dear Sir,
kindly clear How much rate of Penalty on late payment of CST tax in HP. And there is any way to reduce this penalty amount
regards
Ravinder Chnadel
kindly clear How much rate of Penalty on late payment of CST tax in HP. And there is any way to reduce this penalty amount
regards
Ravinder Chnadel
Ram Avtar Singh
(Expert)
13 September 2013
18 % interest and up to 150% penalty
If a dealer fails without sufficient cause to comply with
the requirements of the provisions of sub-section (4), the
Commissioner or any person appointed to assist him under
sub-section (1) of section 3 may, after giving such dealer a
reasonable opportunity of being heard, direct him to pay by
way of penalty, a sum which shall not be less than ten
percentum, but which shall not exceed one-and-a-half
times of the amount of tax to which he is assessed or is
liable to be assessed under section 21 in addition to the
amount of tax to which he is assessed or is liable to be
assessed.
If a dealer fails without sufficient cause to comply with
the requirements of the provisions of sub-section (4), the
Commissioner or any person appointed to assist him under
sub-section (1) of section 3 may, after giving such dealer a
reasonable opportunity of being heard, direct him to pay by
way of penalty, a sum which shall not be less than ten
percentum, but which shall not exceed one-and-a-half
times of the amount of tax to which he is assessed or is
liable to be assessed under section 21 in addition to the
amount of tax to which he is assessed or is liable to be
assessed.
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