Failure to furnish information return attracts a daily penalty subject to a statutory cap under GST regime. Where a person required to furnish an information return under section 150 fails to do so within the notice period, the proper officer may direct ... Summary
Failure to furnish information return attracts a daily penalty subject to a statutory cap under GST regime.
Where a person required to furnish an information return under section 150 fails to do so within the notice period, the proper officer may direct imposition of a daily penalty for the period of failure, subject to an overall statutory cap on the penalty.
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