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<h1>Authorities Must Submit Information Returns Under Section 150 of CGST/SGST Act; Penalties for Non-compliance Under Section 123.</h1> Information return involves verifying the compliance of registered individuals by using data from independent third-party sources. Under Section 150 of the CGST/SGST Act, certain authorities maintaining records of registrations, accounts, tax payments, and transactions involving goods, services, bank accounts, or property must submit an information return. This return must be provided for specific periods, in a prescribed format, and to designated authorities or agencies. Non-compliance may lead to penalties under Section 123.