Amendment status not verified — confirm the current text below against the official source.
Any VAT dealer or TOT dealer who fails to maintain proper records in accordance with the provisions of the Act is liable to pay a penalty at the rate of Rs. 5,000 (Rupees five thousand only) for each subsequent offence committed after a warning is issued in writing for the first offence, without prejudice to the payment of tax, penalty and interest if any due under the provisions of the Act: Provided that before imposing such penalty the authority shall give the dealer a reasonable opportunity of being heard.