Following is the text of section 33(8) 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: –
8. Any person who fails to maintain records required under this Act or the rules made there under.
Such person shall pay a penalty of ten thousand rupees or five per cent of the amount of tax involved, whichever is higher.
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