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of <h1>Penalties for Non-Compliance: Fines for Failing to Furnish Required Statistics Under Section 124 of Punjab GST Act 2017</h1> Section 124 of the Punjab Goods and Services Tax Act, 2017, outlines penalties for failing to furnish required statistics. If a person fails to provide necessary information or returns under Section 151 without reasonable cause or knowingly submits false information, they face a fine up to ten thousand rupees. For ongoing offences, an additional fine of up to one hundred rupees per day is imposed, with a maximum limit of twenty-five thousand rupees.
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