Int and late fees for composite dealer

This query is : Resolved

Kollipara Sundaraiah (Querist)
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05 May 2021 Gst composite scheme dealer sales turnover Jan to march-21 rs:5 lacs tax rs:5000/- cmp-08 return and tax not filed.
Question:
1.late fees per day and which rate of interest paid.
2.dealer tax paid rs:5000 interest calculated procedure.

Ganeshbabu K

Ganeshbabu K (Expert)
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06 May 2021 Reference: Notification Nos. 08/2021 and 09/2021,

1)Late fee waived, without interest up to 3rd May, 2021, with 9% reduced interest between 4th May to 18th May, 2021, and with 18% interest from 19th May, 2021 onwards.
2)Assuming you filing today interest will be = 5000*9%*3/365

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