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of <h1>Section 126 of Karnataka GST Act: Penalties Focus on Severity, Allow Rectification for Minor Breaches Below 5000, Encourage Voluntary Disclosure.</h1> Under the Karnataka Goods and Services Tax Act, 2017, Section 126 outlines the general principles for imposing penalties. Penalties are not to be imposed for minor breaches, defined as involving less than five thousand rupees, or for easily rectifiable documentation errors made without fraudulent intent. Penalties should reflect the severity of the breach and be imposed only after the individual is given a chance to be heard. The nature of the breach and applicable laws must be specified when imposing penalties. Voluntary disclosure of breaches before detection can be a mitigating factor, except where penalties are fixed amounts or percentages.
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