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of <h1>Penalty Imposed for Late Submission of Information Return Under Section 150 of Punjab GST Act 2017</h1> Under the Punjab Goods and Services Tax Act, 2017, if an individual fails to submit an information return as required by Section 150 within the specified period, a proper officer may impose a penalty. The penalty is one hundred rupees for each day the return is not submitted, with a maximum limit of five thousand rupees.
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