Section 16, The Finance Act, 2015

Subsection (1) of section 62 of the Goods and Services TaxAct, 2009 is amended by repealing and replacing that subsection with the following new subsection– of section 61 2009. “Failure to notify changes affecting Registration. of section 62 2009. Failure to display registration certificate. of section 60 2009. “62 (1) A person who fails to pay the tax on or before the due date is liable to a penalty not exceeding Le 5,000,000.00 or an additional 15% of GST due, whichever is greater. (2) Where the failure to pay tax under subsection (1), is connected with any tax evasion or fraud, including– (a) the issue of GST invoice, GST credit note, CST debit note or sales receipt that is false in a material particular; or (b) the submission of GST invoice, GST credit note, GST debit note under Part VIII or sales receipt under subsection (3) of section 31, commits an offence and is liable on conviction to a fine of not less than Le25,000,000.00 but not exceeding Le50,000,000.00 or to imprisonment for a term of not less than 1 year but not exceeding 2 years or to both such fine and imprisonment.