Central Act
123
Section 123. Penalty for failure to furnish information return.
The Central Goods and Services Tax Act, 2017
In forceAll India (Central Act)
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.