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of <h1>Entities Must File Info Returns Under Section 150 of Punjab GST Act, 2017 or Face Legal Consequences</h1> Section 150 of the Punjab Goods and Services Tax Act, 2017 mandates certain entities, including taxable persons, local authorities, state and central tax authorities, banks, and others, to furnish information returns. These returns must detail transactions related to goods, services, property, and other specified areas within prescribed periods and formats. If the submitted information is deemed defective, the Commissioner may request rectification within 30 days. Failure to submit or correct the information can result in the return being considered unfurnished, with applicable legal consequences. Authorities may issue notices requiring submission within 90 days if deadlines are missed.
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