Failure to furnish information return attracts a daily penalty subject to a statutory cap under GST regime. Where a person required to furnish an information return under section 150 fails to do so within the notice period, the proper officer may direct imposition of a daily penalty for the period of failure, subject to an overall statutory cap on the penalty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Failure to furnish information return attracts a daily penalty subject to a statutory cap under GST regime.
Where a person required to furnish an information return under section 150 fails to do so within the notice period, the proper officer may direct imposition of a daily penalty for the period of failure, subject to an overall statutory cap on the penalty.
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