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Late fees rate and interest rate
what is the GST TDS late fee rate and interest rate?
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As per section 51(6) of the CGST Act, If any deductor fails to pay to the Government account, he shall liable to pay interest as per section 50(1) of the CGST Act,in addition to tax deducted. please refer sections.
Late fee is Rs. 100 per day and Interest is 18% p.a.
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