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of <h1>Assam GST Act Section 126: Penalties for Tax Offenses Focus on Severity, Minor Breaches Exempt, Voluntary Disclosure Mitigates Penalties</h1> Section 126 of the Assam Goods and Services Tax Act, 2017, outlines guidelines for imposing penalties for tax-related offenses. Penalties are not imposed for minor breaches, defined as those involving less than five thousand rupees or easily rectifiable documentation errors without fraudulent intent. Penalties should align with the breach's severity, and individuals must be given a chance to be heard before imposition. The nature and law of the breach must be specified in penalty orders. Voluntary disclosure of breaches may mitigate penalties, except where penalties are fixed sums or percentages.
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