Penalty for failure to furnish information return: daily penalty may be imposed, subject to a statutory maximum and notice. Failure to furnish an information return within the period specified in a statutory notice exposes the person to a daily monetary penalty directed by the ... Summary
Penalty for failure to furnish information return: daily penalty may be imposed, subject to a statutory maximum and notice.
Failure to furnish an information return within the period specified in a statutory notice exposes the person to a daily monetary penalty directed by the proper officer, with such daily charges subject to an overall statutory penalty ceiling as a compliance mechanism within the GST penal framework.
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