Penalty
This query is : Resolved
jaigurudev
(Querist)
19 March 2021
dear sir,
i have purchase goods[copra] from party and he issued me bill as coconut as copra is taxable @5% and coconut is exempted.department check the lorry and impose 100%penalty and tax equal to cost of goods.can officer impose 100%tax and penalty?please advice me
with thanks
i have purchase goods[copra] from party and he issued me bill as coconut as copra is taxable @5% and coconut is exempted.department check the lorry and impose 100%penalty and tax equal to cost of goods.can officer impose 100%tax and penalty?please advice me
with thanks
Ganeshbabu K
(Expert)
20 March 2021
Yes,they make it under fraud and 100% penalty will be imposed.
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