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of <h1>Penalty for Late Information Return under MP GST Act, 2017: 100/day, Max 5000, as per Section 123.</h1> Under the Madhya Pradesh Goods and Services Tax Act, 2017, Section 123 stipulates that if an individual fails to submit an information return as required under Section 150 within the specified timeframe, a proper officer may impose a penalty. The penalty is calculated at one hundred rupees for each day the return is not furnished. However, the total penalty cannot exceed five thousand rupees.
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