A taxpayer, who fails to submit the information required by the Federal Board of Revenue (FBR) under Section 26 of the Sales Tax Act, 1990, shall pay a penalty of Rs10,000.
Following is the text of section 33(10) 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: –
10. Any person who fails to furnish the information required by the Board through a notification issued under sub-section (5) of section 26.
Such person shall pay a penalty of ten thousand rupees.
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