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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Section 150: Entities Must Correct Defective Tax Info Returns Within 30 Days or Face Compliance Notice in 90 Days.</h1> Section 150 of the Goa Goods and Services Tax Act, 2017 mandates certain entities, including taxable persons, local authorities, government tax authorities, banking companies, and others, to furnish information returns regarding tax payments and transactions. If the information provided is found defective, the Commissioner or an authorized officer can notify the entity to rectify it within 30 days. Failure to rectify or submit the information within the prescribed time may result in the return being considered as not furnished, prompting the authority to issue a notice requiring compliance within 90 days.