Guide on section 124 of CGST Act - Fine for failure to furnish statistics

Contents

Para	Topics	Relevant Section/Rules/N/C/O
124.1	Penalty for failure to furnish information or return u/s 151	Section 124
124.2	Procedure for issue of notice and order	Rule 142

124.1 Penalty for failure to furnish information or return u/s 151

Section 124

If any person required to furnish any information or return u/s 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 Rs.10,000

in case of a continuing offence

he shall also be punishable to a further fine which may extend to:

(i) Rs.100 for each day after the first day during which the offence continues or

(ii) Rs.25,000

whichever is lower.

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This section shall be attracted only if

(a) failure to furnish information or return without reasonable cause

(b) Submission of false information if will full.

124.2 Procedure for issue of notice and order

	PO shall issue notice u/s 124 along with DRC-01. [Refer Para 142.1 of Rule 142(1)]
	Reply shall be in DRC-06 against notice [Refer Para 142.1.3 of Rule 142(4)]
	PO shall issue order in DRC-07 [Refer Para 142.1.4 of Rule 142(5)]