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<h1>Section 117: Obligation for Entities to Furnish Proper Information Returns Under Model GST Law</h1> Section 117 of the Model GST Law outlines the obligation for certain entities to furnish an information return. This includes taxable persons, local authorities, tax collection authorities, banking companies, electricity boards, registrars, stock exchanges, depositories, and others responsible for maintaining records related to tax, transactions, or property. They must submit these returns in the prescribed form and manner. If the submitted information is defective, the authority can request corrections within 30 days. Failure to submit or correct the information can result in the return being treated as not submitted, with a notice issued to comply within 90 days.