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General discipline relating to penalty Section 126 - GST Ready Reckoner - GSTExtract ..... General discipline relating to penalty As per Section 126(1) of the CGST Act 2017, No Penalty for Minor breach considered to be easily rectifiable 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. For the purpose of this sub-section, - a. a breach shall be considered a ‘minor breach& ..... x x x x x Extracts x x x x x General discipline relating to penalty Section 126 - GST Ready Reckoner - GST x x x x x Extracts x x x x x ..... penalty 4. When a person voluntarily discloses to an officer under this Act the circumstances of a breach of the tax law, regulation or procedural requirement prior to the discovery of the breach by the officer under this Act, the proper officer may consider this fact as a mitigating factor when quantifying a penalty for that person. As per section 126(6) No Provision in respect to penalty shall apply in case of specified amount of penalty 5. The provisions of this section shall not apply in suc ..... x x x x x Extracts x x x x x General discipline relating to penalty Section 126 - GST Ready Reckoner - GST x x x x x Extracts x x x x x
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