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82. Option to pay a lump-sum amount in lieu of penalty levied under section 21, 52, 55 and 57 M.P. VAT RULES

82. Option to pay a lump-sum amount in lieu of penalty levied under section 21, 52, 55 and 57

(1) A dealer on whom a penalty has been imposed under sub-section (2) of section 21 or sub-section (2) of section 52 or clause (c) of sub-section (6) of section 55 may, if he so desires, give an option under sub-section (4) of section 21 or sub-section (4) of section 52 or clause (ea)of sub-section (6) of section 55 respectively to the authority imposing such penalty, after payment of the lump-sum amount specified in the sub-section. Such option shall be given in form 65, before the expiry of the period specified in the notice of demand for the payment of the penalty imposed.

(2) A transporter on whom a penalty has been imposed under sub-section (13) of section 57 may, if he so desires, give an option under sub-section (19) of section 57 to the authority imposing such penalty, after payment of the lump-sum amount specified in the sub-section. Such option shall be given in form 66, before the expiry of the period specified in the notice of demand for the payment of the penalty imposed.

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .