Penalty u/s 51 of Punjab VAT Act whether just and reasonable?

0 comments Saturday, February 16, 2013

Section 51(7)(c) of Punjab VAT Act, 2005 prescribes penalty equal to 50% of the value of goods for not producing requisite documents i.e (Invoice/Delivery challan, Goods Receipt etc.) at the check post or Information collection centre with a view to attempt or avoid or evade the due tax.

Similarly section 51(7)(b) prescribes penalty equal to 30% of the value of goods, if the goods are accompanied with requisite documents but attempt to evade tax or avoidance or evasion of tax is proved.
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