interest on late payment

if sm1 file his 3b after due date then will he hv to pay interest @ 18% on payable tax however for 1 days and late fee 50 rs also?
Replies (1)
Originally posted by : Saurabh Kumar
if sm1 file his 3b after due date then will he hv to pay interest @ 18% on payable tax however for 1 days and late fee 50 rs also?

Yes... Applicable...

Late Fee Rs. 50 (CGST Rs. 25 & SGST Rs. 25)

Interest @ 18% p.a to Bothe heads...

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