PROVISIONS TO BE FOLLOWED BY THE OFFICER - Handbook of GST Law & Procedures (CBIC) [October 2024] - GST

15. PROVISIONS TO BE FOLLOWED BY THE OFFICER The Officers have to follow the following relevant provisions for imposition of penalties: Provisions related to offences and their corresponding penalties are covered under Section 122 of the CGST Act, 2017. 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. Section 124 of the CGST Act, 2017 prescribes penalty for failure to furnish any information or return under Section 151 of the CGST Act, 2017. Any person, who contravenes any of the provisions of this Act or any rules made thereunder, for which no penalty is separately provided for in this Act, shall be liable to a penalty which may extend to twenty-five thousand rupees under Section 125 of the CGST Act, 2017. Section 127 of the CGST Act, 2017 prescribes power to impose penalty in cases where the proper officer is of the view that a person is liable to a penalty and the same is not covered under any proceedings under Section 62 or Section 63 or Section 64 or Section 73 or Section 74 or Section 129 or Section 130 of the CGST Act, 2017, he may issue an order levying such penalty after giving a reasonable opportunity of being heard to such person. Section 129 of the CGST Act, 2017 governs the detention, seizure, and release of goods and conveyances in transit. Confiscation of goods or conveyances and levy of penalty are provided under Section 130 of the CGST, Act, 2017.