Section 124 : “Fine for Failure to Furnish Statistics” (CGST Act, 2017)
Provisions under Section 124 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Fine for Failure to Furnish Statistics”, are as under:
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
(b) willfully 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.