Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Entities Must Submit Information Returns Under Section 150 of CGST Act 2017; Non-Compliance Leads to Legal Consequences.</h1> Under Section 150 of the Central Goods and Services Tax Act, 2017, various entities, including taxable persons, government authorities, banking companies, electricity boards, registrars, stock exchanges, and others specified by the government, are required to furnish an information return. This return must include records of registration, tax payments, and transactions involving goods, services, or property. If the information is found defective, the Commissioner may request rectification within 30 days. Failure to submit or rectify the information within the specified time may result in the information being deemed not furnished, with applicable legal consequences. A notice may be issued for compliance within 90 days if not initially provided.