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of <h1>Section 126 CGST Act: Penalties for minor breaches under 5000 require no fraudulent intent; voluntary disclosure may reduce penalties.</h1> Section 126 of the CGST Act, 2017 outlines the general discipline related to penalties, emphasizing that penalties should not be imposed for minor breaches or easily rectifiable documentation errors without fraudulent intent. A breach is considered minor if the tax involved is under five thousand rupees. Penalties should be proportional to the breach's severity, and offenders must be notified and given a chance to present their case. Voluntary disclosure by offenders may lead to reduced penalties. These provisions do not apply to penalties specified as a fixed sum or percentage.
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