TMI BlogPenalty for contravention of rules and provisions of Act for which no penalty is specified elsewhereX X X X Extracts X X X X X X X X Extracts X X X X ..... or required to take registration, fails to take registration in accordance with the provisions of section 69 or rules made under this Chapter shall be liable to a penalty which may extend to ten thousand rupees; ] (b) who fails to keep, maintain or retain books of account and other documents as required in accordance with the provisions of this Chapter or the rules made thereunder, shal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al compliance; (d) who is required to pay tax electronically, through internet banking, fails to pay the tax electronically, shall be liable to a penalty which may extend to 2 [ten thousand rupees]; (e) who issues invoice in accordance with the provisions of the Act or rules made thereunder, with incorrect or incomplete details or fails to account for an invoice in his books o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he shall be liable to a penalty which may extend to an amount not exceeding one thousand rupees. Further substituted by Finance Act, 2008 w.e.f. 10-5-2008, prior to substitution it was read as under: 77. Penalty for contravention of any provision for which no penalty is providedWhoever contravenes any of the provisions of this Chapter or any rule made thereunder for which no pe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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