Section 127 CGST Act: Officers Can Impose Penalties Post-Hearing, Updated by Finance Act 2024, Effective Nov 1.
Section 127 of the CGST Act, 2017 empowers the proper officer, specifically the Deputy or Assistant Commissioner of Central Tax, to impose penalties in cases not covered under Sections 62, 63, 64, 73, 74, 74A, 129, or 130. The officer can issue a penalty order after providing the concerned person a reasonable opportunity to be heard. This provision was updated by Section 145 of the Finance Act, 2024, effective from November 1, 2024, as per Notification No. 17/2024-Central Tax.