THE CENTRAL GOODS AND
SERVICES TAX ACT, 2017
OFFENCES AND PENALTIES
Section 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.