Section 124 Fine for failure to furnish statistics, CGST Act, 2017

 

 

Sec 124 of CGST Act, 2017 Fine for failure to furnish statistics

 

The below post explains about Fine for failure to furnish statistics under section 124 of CGST Act,2017.

 

Section 124 of CGST Act, 2017 explains Fine for failure to furnish statistics as below: (The amendments if any will also be updated here soon).

 

The extract of Section 124 of CGST Act,2017 quoted below:

 

124  Fine for failure to furnish statistics

 

124. If any person required to furnish any information or return under section 151,—

(a) without reasonable cause fails to furnish such information or return as may

be required under that section, or

Section 124 Fine for failure to furnish statistics, CGST Act, 2017(b) wilfully furnishes or causes to furnish any information or return which he

knows to be false,

he shall be punishable with a fine which may extend to ten thousand rupees and in case of a

continuing offence to a further fine which may extend to one hundred rupees for each day

after the first day during which the offence continues subject to a maximum limit of twenty

five thousand rupees.

 

 

The above information clarifies about Fine for failure to furnish statistics under section 124 of CGST Act,2017.  

 

If you have any comments about Section 124 of CGST Act, 2017 explaining Fine for failure to furnish statistics, share below your thoughts:

 

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