Section 123
Penalty for failure to furnish information return.
The Central Goods and Services Tax Act, 2017
About this Act
An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto.
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.
Provided that the penalty imposed under this section shall not exceed five thousand rupees.