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Section 123 - Central Goods and Services Tax Act, 2017
The Central Goods and Services Tax Act, 2017
123. Penalty for failure to furnish information return.-
If a person who is required to furnish an information return under section 150 fails to do so within the period specified in the notice issued under sub-section (3) thereof, the proper officer may direct that such person shall be liable to pay a penalty of one hundred rupees for each day of the period during which the failure to furnish such return continues:
Provided that the penalty imposed under this section shall not exceed five thousand rupees.
Related Sections
Related Acts
- National Sports University Act, 2018
- Jammu and Kashmir Reorganisation Act, 2019
- Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Act, 2018
- Inter-Services Organisations (Command, Control and Discipline) Act, 2023
- Goods and Services Tax (Compensation to States) Amendment Act, 2018
* Only for reference.