https://www.taxtmi.com/acts?id=25263 Penalty for failure to furnish an information return arises where a person required to submit an information return under section 150 does not comply within the period specified in the notice issued under sub section (3). The proper officer may direct imposition of a penalty calculated on a per day basis for the period of continuing default, subject to a statutory maximum cap on the aggregate penalty. en-us Thu, 25 May 2017 11:55:01 +0530 Sat, 27 May 2017 11:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25263 Penalty for failure to furnish an information return arises where a person required to submit an information return under section 150 does not comply within the period specified in the notice issued under sub section (3). The proper officer may direct imposition of a penalty calculated on a per day basis for the period of continuing default, subject to a statutory maximum cap on the aggregate penalty. Act-Rules GST - States Thu, 25 May 2017 11:55:01 +0530 https://www.taxtmi.com/acts?id=25263