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50.
Penalty
for failure to file a return
(1)
Any VAT dealer, who fails to file a return where no tax is due, by the end of
the month in which it was due, shall be liable to pay a penalty of
Rs.2,500/-(Rupees two thousand five hundred only).
(2)
Any dealer registered under sub-section (7) of Section 17 who fails to file a
return where no tax is due shall be liable to pay a penalty of Rs.500/-. (Rupees
five hundred only).
(3)
Where a dealer files a return, after the last day of the month in which it is
due, he shall be liable to pay a penalty of fifteen percent of the tax due:
Provided
that before levying penalty under this Section the authority prescribed shall
give the dealer a reasonable opportunity of being heard.
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