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of <h1>Section 126 CGST Act: No Penalties for Minor Breaches, Ensures Fair Hearing, Proportionate Penalties, Voluntary Disclosure Considered.</h1> Section 126 of the Central Goods and Services Tax Act, 2017, outlines the general guidelines for imposing penalties. It prohibits penalties for minor breaches, defined as those involving less than five thousand rupees or easily rectifiable errors without fraudulent intent. Penalties must be proportionate to the severity of the breach, and individuals must be given a chance to be heard before penalties are imposed. Officers must specify the nature and legal basis for penalties. Voluntary disclosure of breaches may be considered a mitigating factor. This section does not apply to penalties that are fixed sums or percentages.
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