Section 123 of Rajasthan GST Act: “Penalty for Failure to Furnish Information Return”

Section 123 : “Penalty for Failure to Furnish Information Return (Rajasthan GST Act, 2017)

Provisions under Section 123 of the Rajasthan GST Act, 2017 relating to “Penalty for Failure to Furnish Information Return”, are as under:

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 issued under sub-section (3) thereof, the proper officer may direct, that such person shall be liable to pay a penalty of one hundred rupees for each day of the period during which the failure to furnish such return continues:

Provided that the penalty imposed under this section shall not exceed five thousand rupees.

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