Section 123 of GST – Penalty for failure to furnish information return. In this GST Section you may find all details for Penalty for failure to furnish information return as per GST Act 2017. Detailed Analysis of GST Section 123 of GST Act 2017. We Provide Complete Details for All GST Section’s and In this article you may find all details for GST Section 123. Check Section Wise Analysis of GST Act 2017, Chapter Wise Analysis of GST All Sections. in this article you may find complete details regarding Section 123 of GST Act 2017 – Penalty for failure to furnish information return, gst all sections and definitions. Now Check more details from below…..
Section 123 of GST – 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.
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