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difference between plenty or interest
what is difference between them and when we need to pay interest or plenty plz explain
Replies (3)
For the month of july, payment of late fees had been waived i.e Rs. 100 per day as per their respective act after the due date but penal interest has to be charged @ 18%. But for the month of August both penal interest & late fees for filling Gstr- 3b shall be paid.
No...
Late FEE:
The late fee for after the date of return filing. It's ll be calculate Rs 200 per day (CGST 100 + SGST 100)....
INTEREST :
Interest levied on without timely payment of liability. The payment date on or before 20th for Evey month... Without timely payment then we pay interest 18 %....
PENALTY :
Penalty is not levied on every month. Penalty is after audit or any fraudulent Activity....
Late FEE:
The late fee for after the date of return filing. It's ll be calculate Rs 200 per day (CGST 100 + SGST 100)....
INTEREST :
Interest levied on without timely payment of liability. The payment date on or before 20th for Evey month... Without timely payment then we pay interest 18 %....
PENALTY :
Penalty is not levied on every month. Penalty is after audit or any fraudulent Activity....
I had said Rs 100 per day as per their respective act. It means CGST RS. 100 & SGST Rs. 100
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