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of <h1>Entities Must Submit Correct Info Returns Under Section 150 of Telangana GST Act 2017 or Face Compliance Notices</h1> Section 150 of the Telangana Goods and Services Tax Act, 2017 mandates various entities, including taxable persons, government authorities, banking companies, and others, to furnish information returns related to tax transactions, property, or bank accounts. If the information return is deemed defective, the Commissioner can request rectification within 30 days, extendable upon request. Failure to rectify renders the return as not furnished. If the return is not submitted on time, authorities may issue a notice requiring submission within 90 days. This section ensures compliance with information reporting for taxation purposes.
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