Section 123
Penalty for failure to furnish information return
In force
Section 123. Penalty for failure to furnish information return.
If a person who is required to furnish an information return under section 150 fails to do so within the period specified in the notice, the proper officer may direct that such person shall be liable to pay a penalty of one hundred rupees for each day during which such failure continues.
Sources & verification
- • Statutory text: View source
- • CBIC reference: cbic-gst.gov.in/sec-123.html
- Source confidence: Pending verification
Quick facts
- Section
- 123
- Chapter
- XIX
- Amendments
- 0
- Notifications
- 0
- Circulars
- 0
- Case laws
- 0
- Linked rules
- 0