Master in Accounts & high court Advocate
9610 Points
Posted on 15 August 2024
I'm assuming you want to know about the interest on late payment of GST (GSTR-3B) and TDS. Interest on Late Payment of GST (GSTR-3B): - Interest is applicable if GST payment is made after the due date - Interest rate: 18% per annum - Calculation: Interest is calculated on the tax liability, starting from the next day after the due date TDS (Tax Deducted at Source): - TDS is applicable on certain payments, like salaries, rent, and professional fees - Rate varies depending on the payment type and recipient status (resident, non-resident, etc.) - Deductor must deposit TDS with the government and issue a TDS certificate !