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of <h1>Entities Must Submit Accurate Tax Info Under Section 150 of Puducherry GST Act 2017 or Face Penalties</h1> Section 150 of the Puducherry Goods and Services Tax Act, 2017 mandates certain entities, including taxable persons, government authorities, banking companies, electricity boards, registrars, stock exchanges, and others, to furnish information returns regarding tax-related transactions. If the submitted information is deemed defective, the Commissioner may request rectification within 30 days. Failure to rectify or submit the information within the specified time results in the return being considered as not furnished. Authorities may issue a notice requiring submission within 90 days if the information return is not initially provided as required.
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