Penalty for failure in filing sales tax return

Penalty for failure in filing sales tax return

A person will pay an amount of Rs10,000 in case of failure in filing of sales tax return within due date under Section 26 of Sales Tax Act, 1990.

The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021.

Following is the text of section 33(1) of the Sales Tax Act, 1990:

33. Offences and penalties.–  Whoever commits any offence shall, in addition to and not in derogation of any punishment to which he may be liable under any other law, be liable to the penalty mentioned against that offence: –

1. Where any person fails to furnish a return within the due date.

Such person shall pay a penalty of 3[ten] thousand rupees:

Provided that in case a person files a return within 4[ten] days of the due date, he shall pay a penalty of 5[two] hundred rupees for each day of default.

(Disclaimer: The text of above section is only for information. Team makes all efforts to provide the correct version of the text. However, the team is not responsible for any error or omission.)

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