Section 8 of Karnataka Value Added Tax Act, 2011

Amendment of section 53.- In section 53 of the principal Act, in sub-section (12), after clause (a), the following proviso shall be inserted, namely:-

“Provided that in respect of any goods on which the rate of tax leviable is less than four per

cent, the penalty leviable under sub-clause (ii) shall be equivalent to five times the amount of tax leviable.”