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14) What are the penal consequences if a taxable person violates the condition and is not eligible for payment of tax under the Composition scheme?  

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 Ruby
(@rubynaaz)
Member Customer
Joined: 3 years  ago
Posts: 36
March 11, 2017 5:30 am  

Taxable person who was not eligible for the composition scheme would be liable to pay tax, interest and in addition he shall also be liable to a penalty equivalent to the amount of tax payable. (Section 8 (3) of the MGL).


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