Any person who fails to issue any invoice shall pay a penalty of

  1. 10 % of the amount of tax involved
  2. 5 % of the amount of tax involved
  3. Rs 5000 or 3% of the tax involved, which ever is higher
  4. None

Rs 5000 or 3% of the tax involved, which ever is higher

Leave a Reply

Your email address will not be published. Required fields are marked *