Penalty for non issuance of sales tax invoice

Penalty for non issuance of sales tax invoice

A person will pay an amount of Rs5,000 or three per cent of the amount in case of failure in issuing sales tax invoice under Section 23 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(2) 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: –

2. Any person who fails to issue an invoice when required under this Act.

Such person shall pay a penalty of five thousand rupees or three per cent of the amount of the tax involved, whichever is higher.

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

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