Section 126 Of Gst General Disciplines Related To Penalty
Section 126 of GST – General disciplines related to penalty Statutory provision (1) No officer under this Act shall impose any penalty for minor breaches of tax regulations or procedural requirements and in particular, any omission or mistake in documentation which is easily rectifiable and made without fraudulent intent or gross negligence.Explanation. – For the purpose of this sub-section – (a) a breach shall be considered a ‘minor breach’ if the amount of tax involved is less than five thousand rupees....