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<h1>Failure to Submit Information Return Under Section 123 of CGST Act 2017 May Lead to Daily Penalties</h1> Under Section 123 of the Central Goods and Services Tax Act, 2017, a person required to furnish an information return under Section 150 and failing to do so within the specified period may be penalized. The proper officer can impose a penalty of one hundred rupees for each day the failure continues, with a maximum penalty limit of five thousand rupees.