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of <h1>Section 126 of GST Act: No Penalties for Minor Breaches; Emphasizes Fairness and Voluntary Disclosure in Penalty Process.</h1> Section 126 of the Puducherry Goods and Services Tax Act, 2017, outlines the general principles for imposing penalties. It prohibits penalties for minor breaches, defined as involving less than five thousand rupees or easily rectifiable documentation errors without fraudulent intent. Penalties must align with the severity of the breach, and individuals must be given a chance to be heard before penalties are imposed. The nature of the breach and relevant laws must be specified in penalty orders. Voluntary disclosure of breaches may mitigate penalties. This section does not apply to penalties that are fixed sums or percentages.
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