Section 123 of CGST Act, 2017 : Section 123: Penalty For Failure To Furnish Information Return
CGST Act, 2017
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Explanation using Example
Imagine a scenario where a transport company is required to submit an information return regarding the goods they have transported, as mandated by section 150 of the Central Goods and Services Tax Act, 2017. The company receives a notice from the tax authorities to submit this information within a specified deadline. However, the company fails to comply with the notice and does not su...
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