Penalty for failure to furnish information return: daily penalty may be imposed, subject to a statutory maximum and notice. Failure to furnish an information return within the period specified in a statutory notice exposes the person to a daily monetary penalty directed by the proper officer, with such daily charges subject to an overall statutory penalty ceiling as a compliance mechanism within the GST penal framework.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for failure to furnish information return: daily penalty may be imposed, subject to a statutory maximum and notice.
Failure to furnish an information return within the period specified in a statutory notice exposes the person to a daily monetary penalty directed by the proper officer, with such daily charges subject to an overall statutory penalty ceiling as a compliance mechanism within the GST penal framework.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.