Penalties Prescribed for Various Defaults
	Sec	Defaults	Amount of Penalty
a.	86(4)	Failed to apply for registration within one month from the dayon which the requirement arose	Rs. 1000/- per day, from the day on which the requirement arose until the person makes an application for registration in the prescribed form, containing such particulars and information and accompanied by such fee, security and other documents. Maximum: Rs.1 Lac
b.	86(5)	Not filing information for amendment in RC	Rs.100/- per day of default subject to a maximum of Rs. 5000/-
c.	86(5)	Fails to apply for cancellation of RC u/s 22(2)	Rs. 100/- per day of default subject to a maximum of Rs. 5000/-
d.	86(6)	Fails to apply for Surrender of RC u/s 22(7)	Rs. 100/- per day of default subject to a maximum of Rs. 5000/-
e.	86(8)	Any Person falsely represents that he is registered dealer.	equal to the amount of tax wrongly Rs. 1 Lakh, whichever is the greater.
f.	86(8)	Fails to comply the condition of voluntary registration	Rs. 10000/-
g.	86(9)	If a person required to furnish a return under Chapter V of this Act (a) fails to furnish any return by the due date; or (b) fails to furnish with a return any other document that is required to be furnished with the return; or (c) being required to revise a return already furnished, fails to furnish the revised return by the due date;	Rs. 100/- per day from the day immediately following the due date until the failure is rectified.Maximum: 10000/-
h.	86(10)	Any person who – (a) furnishes a return under this Act which is false, misleading or deceptive in a material particular; or (b) omits from a return furnished under this Act any matter or thing withoutwhich the return is false, misleading or deceptive in a material particula	Rs. 10000/- or the amount of the tax deficiency, whichever is the greater.
i.	86(11)	Any dealer who has claimed tax credit u/s 14 of this Act to which he is not entitled; or has claimed a greater tax credit u/s 14 than is allowed.	Rs. 10000/- or the amount of the tax so claimed, whichever is the greater.
j.	86(12)	Where a tax deficiency arises	Rs. 100/- per week for the period of default.
k.	86(13)	Where a person (i) fails to prepare the required records and accounts;or (ii) fails to prepare records and accounts in the prescribed manner;or (iii) fails to return the recordsand accounts for the prescribed period;	Rs. 50,000/- or 20% of the tax deficiency if any, whichever is greater.
l.	86(14)	Fails to provide the document required under section 59(2) or 59(3)	Rs. 50,000/-
m.	86(15)	Prepare records and accounts in a manner that is false, misleading or deceptive.	Rs. 1 Lakh or the amount of the tax deficiency, if any, whichever is greater
n.	86(16)	Where a person – (a) has issued a tax invoice or retail invoice with incomplete or incorrect particulars; or (b) having issued a tax invoice or retail invoice, has failed to account it correctly in his books of account;	Rs. 5,000/- or 20% of the tax deficiency if any whichever is greater
o.	86(17)	Where a person who is not authorised under this Act to issue a tax invoice has issued a tax invoice for a sale	Rs. 1 Lakh or the amount of the tax deficiency, if any, whichever is greater
p.	86(18)	If any dealer liable to have his accounts audited under section 49 of this Act fails to furnish a true copy of such report within the prescribed time	Rs. 10,000/-
q.	86(19)	Where goods are being carried by a transporter without the document or without proper and genuine documents or for in the documents referred to in Section 61(2)	amount of tax payable on such goods
r.	86(20)	Any person who – (a) makes a statement to the Commissioner which is false, misleading or deceptive in a material particular; or (b) omits from a statement made to the Commissioner any matter or thing without which the statement is false, misleading or deceptive in a material particular	Rs. 50,000 or the amount of the tax deficiency, if any, whichever is greater
s.	86(21)	Where a casual trader who is required to be registered under this Act has failed to apply for registration within stipulated period	Rs. 5,000/- per day from the day on which the requirement arose until the person makes an application for registration in the prescribed form, Maximum: Rs. 1 Lac
t.	86(22)	If a casual trader required to furnish a return under this Act: (a) fails to furnish with any return by the due date; or (b) fails to furnish with a return any other document that is required to be furnished with the return;	Rs. 1,000/- per day, from the day immediately following the due date until the failure is rectified.Maximum: 10,000/-
u.	86(23)	Where any person who, whether as principal, agent or in any other capacity organizes any exhibition -cum-sale in Delhi and fails- (a) to furnish any information in respect of the goods brought or kept in stock or sold by any participant before or during or after the exhibition-sum –sale; or (b) to ensure that all such participants in the exhibition-cum-sale have obtained registration under this Act and paid due tax; or (c) to permit inspection of the business premises or goods or account and records of the participants; or (d) to permit inspection of the account and records of the organize in respect of the exhibition-cum-sale.	Rs.50,000/- or a sum equal to the amount payable on such goods if such of goods were sold in Delhi, whichever is greater