Section 124 – Fine for Failure to Furnish Statistics
Section 124 of CGST Act, 2017 – Fine for Failure to Furnish Statistics Updated on: June 2026 (as applicable till date) Prepared by: Yours Tax Consultant 1. Objective of Section 124 Section 124 provides for the imposition of a fine where a person who is required to furnish statistics under Section 151 of the CGST Act fails to do so or knowingly furnishes false statistical information. The provision aims to ensure the accuracy and reliability of statistical data collected for GST administration, policy formulation and economic analysis. 2. Statutory Provision – Section 124 If any person required to furnish statistics under Section 151: Fails to furnish the required statistics without reasonable cause, or Knowingly furnishes false statistics he may be punished with a fine which may extend to ₹10,000 . Where the offence continues after conviction, an additional fine may extend to ₹100 per day for the period during which the failure continues. 3. L...