https://www.taxtmi.com/acts?id=28115 Where a person required to furnish an information return under the governing provision fails to do so within the period specified in the notice issued under subsection (3), the proper officer may direct that the person shall be liable to pay a penalty on a per day basis; the statute specifies the daily penalty amount and provides that the total penalty shall not exceed a prescribed maximum cap. en-us Tue, 27 Jun 2017 15:30:54 +0530 Thu, 06 Jul 2017 16:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28115 Where a person required to furnish an information return under the governing provision fails to do so within the period specified in the notice issued under subsection (3), the proper officer may direct that the person shall be liable to pay a penalty on a per day basis; the statute specifies the daily penalty amount and provides that the total penalty shall not exceed a prescribed maximum cap. Act-Rules GST - States Tue, 27 Jun 2017 15:30:54 +0530 https://www.taxtmi.com/acts?id=28115