Amendment status not verified — confirm the current text below against the official source.
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: Penalty for failure to furnish information return. The Uttarakhand Goods And Services Tax Act, 2017 134 Provided that the penalty imposed under this section shall not exceed five thousand rupees.