https://www.taxtmi.com/acts?id=26296 Section 126 bars imposition of penalties for minor breaches and easily rectifiable documentation errors made without fraudulent intent or gross negligence, defines a minor breach by reference to a monetary threshold, requires penalties to be commensurate with the facts and circumstances, mandates an opportunity to be heard and specification of the breach and applicable law, allows voluntary pre-discovery disclosure to mitigate penalty, and excludes fixed-sum or fixed-percentage penalties from its scope. en-us Sat, 17 Jun 2017 15:27:12 +0530 Tue, 20 Jun 2017 10:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26296 Section 126 bars imposition of penalties for minor breaches and easily rectifiable documentation errors made without fraudulent intent or gross negligence, defines a minor breach by reference to a monetary threshold, requires penalties to be commensurate with the facts and circumstances, mandates an opportunity to be heard and specification of the breach and applicable law, allows voluntary pre-discovery disclosure to mitigate penalty, and excludes fixed-sum or fixed-percentage penalties from its scope. Act-Rules GST - States Sat, 17 Jun 2017 15:27:12 +0530 https://www.taxtmi.com/acts?id=26296