Section 123 of CGST Act

Penalty for failure to furnish information return

Enforced w.e.f. 1-7-2017.

See Rule 142 of the CGST Rules, 2017 and

Form Nos. DRC – 01, DRC – 07 and DRC – 08 of the CGST Rules, 2017

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.