https://www.taxtmi.com/acts?id=27075 Section 126 precludes penalties for minor breaches - including small-amount tax discrepancies and documentation errors apparent on the record and easily rectifiable - absent fraud or gross negligence; requires penalties to be commensurate with the breach; mandates an opportunity to be heard and specification in the penalty order of the nature of the breach and applicable provision; treats voluntary pre-discovery disclosures as a mitigating factor; and excludes cases where penalties are fixed sums or fixed percentages. en-us Thu, 22 Jun 2017 16:29:45 +0530 Thu, 22 Jun 2017 16:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27075 Section 126 precludes penalties for minor breaches - including small-amount tax discrepancies and documentation errors apparent on the record and easily rectifiable - absent fraud or gross negligence; requires penalties to be commensurate with the breach; mandates an opportunity to be heard and specification in the penalty order of the nature of the breach and applicable provision; treats voluntary pre-discovery disclosures as a mitigating factor; and excludes cases where penalties are fixed sums or fixed percentages. Act-Rules GST - States Thu, 22 Jun 2017 16:29:45 +0530 https://www.taxtmi.com/acts?id=27075