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R.R.JAGADEESAN, GST PRACTITIONER WELCOMES YOU TO "ABHIVIRTHI" WITH LATEST UPDATES ON GST - GOODS AND SERVICES TAX ACT, IGST - INTEGRATED GOODS AND SERVICES TAX ACT, CGST- CENTRAL GOODS AND SERVICES TAX ACT, SGST - STATE GOODS AND SERVICES TAX ACT, UTGST - UNION TERRITORY GOODS AND SERVICES TAX ACT WITH NOTIFICATIONS, CIRCULARS, FORMATS, GST TAX RATES,PRESS RELEASES, HSN CODES AND OTHER INFORMATION FOR BUSINESS SECTOR AND INDUSTRIAL SECTOR AND SERVICE SECTOR, PRIVATE BANKS, PUBLIC SECTOR BANKS, PUBLIC SECTOR UNDERTAKINGS, STAKEH0LDERS, ACADEMICIANS, STUDENTS AND CHARTERED ACCOUNTANTS AND GST PRACTITIONERS WITH COMPLETE GUIDELINES FOR ONLINE REGISTRATION, ONLINE RETURN FILING, ONLINE PAYMENT AND ONLINE GENERATION OF CERTIFICATES IN GST PORTAL (www.gst.gov.in) As per the Notification No. 78/2020 dated 15th Oct 2020, the tax payers, having Aggregate Annual Turn Over (AATO) above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Waybills and other tax payers shall use atleast 4 digit HSN code in E-Invoices and E-Way Bills with effect from 1st October, 2023.-----GSTR-2B WILL BE AVAILABLE IN THE AFTERNOON OF 14TH AS ITS GENERATION COMMENCES AFTER END OF DUE DATE OF GSTR-1/IFF FILING ON 13TH TAXPAYERS MUST FURNISH 4 DIGIT HSN CODES AND 6 DIGIT HSN CODES IF THE AGGREGATE TURNOVER IN THE PRECEDING FINANCIAL YEAR IS BELOW RUPEES 5 CRORES AND ABOVE RUPEES 5 CRORES RESPECTIVELY AND 8 DIGIT HSN CODES IF THE GOODS ARE EXPORTED IRRESPECTIVE OF QUANTUM OF TURNOVER THANK YOU VERY MUCH FOR YOUR VISIT AND BOOKMARKING THIS BLOGSPOT FOR FREQUENT VISITS-----SHARE THE ARTICLES WITH YOUR COLLEAGUES AND FRIENDS USING PRINT FRIENDLY OPTION AVAILABLE ON THE RIGHT SIDE-----TO VIEW MORE ARTICLES PLEASE VISIT AGAIN AND AGAIN. ABHIVIRTHI R.R.JAGADEESAN அபிவிருத்தி R.R.ஜெகதீசன் अभिविरथी R.R.जगदीसन
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Wednesday, June 1, 2016

Luxury Tax - Offences and Penalties under the Tamil Nadu Tax on Luxuries Act 1980

OFFENCES AND PENALTIES UNDER

THE TAMIL NADU TAX ON LUXURIES ACT 1980

Nature of Offence
Quantum of Penalty
Failure to pay tax without sufficient cause or neglets to furnish a return as required by a sub-section (1) of Section 6 or the Tamil Nadu Tax on Luxuries Act, 1980.



Section 7(a)
The assessing authority may impose by way of penalty, in addition to pay tax assessed under Section 7 of the Tamil Nadu Tax on Luxuries Act 1980, a sum not exceeding one and half time the amount of tax.

Section 7(d)
Failure to furnish a return under sub-section (1) of Section 6 of the Tamil Nadu Tax on Luxuries Act, 1980 without sufficient cause or neglects to pay into Government account the whole amount of tax due according to such return as required by sub-section 3 of Section 6 of the Tamil Nadu Tax on Luxuries Act, 1980.

Section 7(b)
The assessing authority may impose by way of penalty, in addition to pay tax assessed under Section 7 of the Tamil Nadu Tax on Luxuries Act 1980, a sum not exceeding one and half time the amount of tax.






Section 7(d)
Failure without sufficient cause to comply with the terms of notice issued under clause (a) of sub-section (2) of Section 7 of the Tamil Nadu Tax on Luxuries Act, 1980



Section 7(c)
The assessing authority may impose by way of penalty, in addition to pay tax assessed under Section 7 of the Tamil Nadu Tax on Luxuries Act 1980, a sum not exceeding one and half time the amount of tax.

Section 7(d)
Conceals the particulars of any transaction or deliberately furnishes inaccurate particulars of any transaction liable to tax under the Tamil Nadu Tax on Luxuries Act, 1980.

  
Section 7(d)
The assessing authority may impose by way of penalty, in addition to pay tax assessed under Section 7 of the Tamil Nadu Tax on Luxuries Act 1980, a sum not exceeding one and half time the amount of tax.


Section 7(d)
Any person who, being a proprietor liable to pay tax under the Tamil Nadu Tax on Luxuries Act, 1980 furnishes or allows or causes to be furnished an incorrect or incomplete return or fails to submit the returns as required by or under the provisions of the Act.

Section 14(1)(a)
Conviction be punished with imprisonment for a term which may extend to six months

Or

with fine not exceeding one thousand rupees or with both.
  


Section 14(1)(e)
Any person who, being a proprietor liable to pay tax under the Tamil Nadu Tax on Luxuries Act, 1980, fraudulently evades or allows to be avaded the payment of any tax due



Section 14(1)(b)
Conviction be punished with imprisonment for a term which may extend to six months

Or

with fine not exceeding one thousand rupees or with both.



Section 14(1)(e)
Any person who, being a proprietor liable to pay tax under the Tamil Nadu Tax on Luxuries Act, 1980, fraudulently  makes or causes or allows to be made any wrong entry in, or fraudulently omits or causes or allows to be omitted any entry from any statement furnished or any accounts or registers

Section 14(1)(c)
Conviction be punished with imprisonment for a term which may extend to six months

Or

with fine not exceeding one thousand rupees or with both.






Section 14(1)(e)
Any person who, being a proprietor liable to pay tax under the Tamil Nadu Tax on Luxuries Act, 1980, knowingly collects from any person any amount by way of tax in excess of the amount of tax payable under the provisions of the Act.

Section 14(1)(d)
Conviction be punished with imprisonment for a term which may extend to six months

Or

with fine not exceeding one thousand rupees or with both.



Section 14(1)(e)
Any person who, being a proprietor liable to pay tax under the Tamil Nadu Tax on Luxuries Act, 1980, wilfully acts in contravention of any of the provisions of the Act or the rules made thereunder or any lawful orders passed in accordance therewith.


Section 14(1)(e)
Conviction be punished with imprisonment for a term which may extend to six months

Or

with fine not exceeding one thousand rupees or with both.




Section 14(1)(e)
Before or after the institution of proceedings for an offence under the Tamil Nadu Tax on Luxuries Act, 1980, the assessing authority may permit any person who committed or is suspected to have committed an offence to compound an offence on payment of such sum

Section 16(1)
Not exceeding double the amount of tax to which the offence relates as the assessing authority may determine
  






Section 16(1)
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