Insertion of new section 122B.131. After section 122A of the Central Goods and Services Tax Act, the following section shall be inserted, namely:-"122B. Penalty for failure to comply with track and trace mechanism.-Notwithstanding anything contained in this Act, where any person referred to in clause (b) of sub-section (1) of section 148A acts in contravention of the provisions of the said section, he shall, in addition to any penalty under Chapter XV or the provisions of this Chapter, be liable to pay a penalty equal to an amount of one lakh rupees or ten per cent. of the tax payable on such goods, whichever is higher.".
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