(i)
in sub-section (1), for clauses (a) and (b), the following clauses shall be
substituted, namely:-
"(a) on payment of penalty equal to two hundred per cent. of the tax
payable on such goods and, in case of exempted goods, on
payment of an amount equal to two per cent. of the value of goods
or twenty-five thousand rupees, whichever is less, where the
owner of the goods comes forward for payment of such penalty;
Section 129 • THE BIHAR GOODS AND SERVICES TAX (AMENDMENT) ACT, 2021
Section 129(1)(a)
bihar-goods-and-services-tax-amendment-act-2021-sec-129.json
•
Section 129
{
"act_title": "THE BIHAR GOODS AND SERVICES TAX (AMENDMENT) ACT, 2021",
"act_slug": "bihar-goods-and-services-tax-amendment-act-2021",
"section_label": "Section",
"section": {
"number": "129",
"title": "Section 129(1)(a)",
"chapter": null,
"content": "(i)\nin sub-section (1), for clauses (a) and (b), the following clauses shall be\nsubstituted, namely:-\n\"(a) on payment of penalty equal to two hundred per cent. of the tax\npayable on such goods and, in case of exempted goods, on\npayment of an amount equal to two per cent. of the value of goods\nor twenty-five thousand rupees, whichever is less, where the\nowner of the goods comes forward for payment of such penalty;",
"footnote": "",
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},
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"next_section": "129"
}