Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Failure to Submit Information Return Under Section 123 of GST Act May Lead to Daily Penalties Up to 5000.</h1> Under Section 123 of the Gujarat Goods and Services Tax Act, 2017, a person required to submit an information return under Section 150 who fails to do so within the specified period may incur a penalty. The penalty is one hundred rupees for each day of delay, capped at a maximum of five thousand rupees. This provision empowers the proper officer to enforce compliance by imposing financial penalties on non-compliant individuals.