THE CENTRAL GOODS AND SERVICES TAX ACT, 2017
OFFENCES AND PENALTIES
Section 124: Fine for failure to furnish statistics. (Relevant Rule 142)
If any person required to furnish any information or return under
section 151,—
(a) without reasonable cause fails to furnish such information or return as may
be required under that section, or
(b) wilfully furnishes or causes to furnish any
information or return which he knows to be false,
he shall be punishable with a fine which may
extend to ten thousand rupees and in case of a continuing offence to a further
fine which may extend to one hundred rupees for each day after the first day
during which the offence continues subject to a maximum limit of twenty five
thousand rupees.