THE CENTRAL GOODS AND SERVICES TAX ACT, 2017
MISCELLANEOUS
Section 150: Obligation to furnish information return.
(1) Any person, being—
(a) a taxable person; or
(b) a local authority or other public body or association; or
(c) any authority of the State Government responsible for the collection of
value added tax or sales tax or State excise duty or an authority of the
Central Government responsible for the collection of excise duty or customs
duty; or
(d) an income tax authority appointed under the provisions of the Income-tax
Act, 1961; or
(e) a banking company within the meaning of clause (a) of section 45A of the
Reserve Bank of India Act, 1934; or
(f) a State Electricity Board or an electricity distribution or transmission
licensee under the Electricity Act, 2003, or any other entity entrusted with
such functions by the Central Government or the State Government; or
(g) the Registrar or Sub-Registrar appointed under section 6 of the
Registration Act, 1908; or
(h) a Registrar within the meaning of the Companies Act, 2013; or
(i) the registering authority empowered to register motor vehicles under the
Motor Vehicles Act, 1988; or
(j) the Collector referred to in clause (c) of section 3 of the Right to Fair
Compensation and Transparency in Land Acquisition, Rehabilitation and
Resettlement Act, 2013; or
(k) the recognised stock exchange referred to in
clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956; or
(l) a depository referred to in clause (e) of sub-section (1) of section 2 of
the Depositories Act, 1996; or
(m) an officer of the Reserve Bank of India as constituted under section 3 of
the Reserve Bank of India Act, 1934; or
(n) the Goods and Services Tax Network, a company registered under the
Companies Act, 2013; or
(o) a person to whom a Unique Identity Number has been granted under
sub-section (9) of section 25; or
(p) any other person as may be specified, on the recommendations
of the Council, by the Government,
who is responsible for maintaining record of
registration or statement of accounts or any periodic return or document
containing details of payment of tax and other details of transaction of goods
or services or both or transactions related to a bank account or consumption of
electricity or transaction of purchase, sale or exchange of goods or property
or right or interest in a property under any law for the time being in force,
shall furnish an information return of the same in respect of such periods,
within such time, in such form and manner and to such authority or agency as
may be prescribed.
(2)
Where the Commissioner, or an officer authorised by
him in this behalf, considers that the information furnished in the information
return is defective, he may intimate the defect to the person who has furnished
such information return and give him an opportunity of rectifying the defect
within a period of thirty days from the date of such intimation or within such
further period which, on an application made in this behalf, the said authority
may allow and if the defect is not rectified within the said period of thirty
days or, the further period so allowed, then, notwithstanding anything
contained in any other provisions of this Act, such information return shall be
treated as not furnished and the provisions of this Act shall apply.
(3) Where a person who is required to furnish information return has not
furnished the same within the time specified in sub-section (1) or sub-section
(2), the said authority may serve upon him a notice requiring furnishing of
such information return within a period not exceeding ninety days from the date
of service of the notice and such person shall furnish the information return.