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interst rates in GST
what is the interst rates in GST
Replies (3)
18% per annum of liability
It is 18% p.a. if you pay it your self otherwise 24% if added to liability by department i.e. (Undue or excess claim of ITC or undue or excess reduction in output tax liability)
18 % is for late payment
24% for excess input taken then Actual.
24% for excess input taken then Actual.
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