Information return obligation requires specified entities to report transaction and account data to tax authorities with rectification and notice rules.

Obligation to furnish information return requires specified persons and entities to submit prescribed records and transaction-related data in prescribed form and manner to the designated authority. Covered entities include taxable persons, public bodies, tax and revenue authorities, banks, electricity suppliers, registrars, stock exchanges, depositories, the GST Network and others as specified. The Commissioner may identify defects, allow rectification within thirty days or further on application and treat unrectified returns as not furnished. Failure to furnish permits service of a notice requiring submission within a period not exceeding ninety days.

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