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of <h1>Penalties under Section 124 of the Bihar GST Act: Fines for false or missing data, up to 25,000 for ongoing offences.</h1> Section 124 of the Bihar Goods and Services Tax Act, 2017, outlines penalties for failing to provide required statistics. A person who fails to furnish necessary information or returns under Section 151 without reasonable cause, or who knowingly provides false information, is subject to a fine up to ten thousand rupees. For continuing offences, 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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