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of <h1>Section 126 of Mizoram GST Act: Guidelines on Penalties for Tax Breaches, Exemptions for Minor Offenses Under 5000 Rupees.</h1> Section 126 of the Mizoram Goods and Services Tax Act, 2017, outlines the general principles regarding penalties for tax breaches. It prohibits penalties for minor breaches, defined as those involving less than five thousand rupees, or easily rectifiable documentation errors made without fraudulent intent. Penalties should align with the breach's severity and circumstances. Individuals must be given a chance to be heard before penalties are imposed, with the nature and applicable law specified. Voluntary disclosure of breaches before discovery may reduce penalties. This section does not apply to penalties that are fixed sums or percentages.
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