Section 14, The Finance Act, 2015

Section 60 of the Goods and Services Tax Act, 2009 is amendedby repealing and replacing that section with the following new section– 60. (1) A person who fails to display GST Registration Certificate or a certified copy thereof issued by the Commissioner-General, whichever is applicable, as required by subsection (9) of section 16 is liable to a penalty of Le5, 000, 000.00”. (2) A person who fails to display GST Registration Certificate seven days after a written notice is issued to such person by the Commissioner General, shall be liable to pay an additional Le1, 000, 000. 00 for each day he fails to display the Certificate. (3) Where such failure is continued seven days after a written notice is issued under subsection (2), the person shall be liable on conviction to a fine of not less than Le10,000,000.00 but not exceeding Le 20,000,000.00 or to imprisonment for a term of not less than six months but not exceeding 2 years or to both such fine and imprisonment.