Section 15A: Penalty for failure to apply for compulsory registration

15A. Penalty for failure to apply for compulsory registration Any taxable person who does not apply for compulsory registration under section 15 shall be liable to pay to the Director-General a penalty of 5,000 rupees for every month or part of the month from the taxable period in respect of which he is liable to be registered as a registered person up to the month immediately preceding the month in which the application for registration is submitted, provided that the total penalty payable shall not exceed 50,000 rupees. [S. 15A inserted by s. 31 (d) of Act 15 of 2006 w.e.f.1 October 2006.]