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of <h1>Penalties for Failing to Submit Information Under Section 124 of CGST Act, 2017: Fines Up to 25,000 Possible.</h1> Section 124 of the Central Goods and Services Tax Act, 2017, outlines penalties for failing to provide required statistics. If a person fails to furnish necessary information or returns under Section 151 without reasonable cause, or knowingly provides false information, they are subject to a fine up to ten thousand rupees. For ongoing offenses, an additional fine of up to one hundred rupees per day may be imposed, with a maximum limit of twenty-five thousand rupees.
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