Failure to furnish required GST statistics attracts penal fines and continuing daily penalties under statutory provision.

A person required to furnish information or returns under section 151 who, without reasonable cause, fails to do so, or willfully furnishes information or returns known to be false, is liable to a monetary penalty comprising an initial fine for the offence and additional continuing daily fines while the offence continues, subject to an overall maximum; the provision recognises reasonable cause as a potential defence and separates ordinary non compliance from willful falsehood.

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