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of <h1>Model GST Law Section 68: Prohibits hefty penalties for minor tax breaches under 5000; ensures fairness and notice before penalties.</h1> Section 68 of the Model GST Law outlines the principles for imposing penalties related to tax breaches. It prohibits substantial penalties for minor breaches, defined as involving less than five thousand rupees, or for easily rectifiable documentation errors made without fraudulent intent. Penalties must be proportionate to the breach's severity and require prior notice and an opportunity for the person to be heard. Tax authorities must explain the breach and applicable laws when imposing penalties. Voluntary disclosure of a breach may mitigate penalties. These provisions do not apply to penalties that are fixed sums or percentages.
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