Late fees rate and interest rate
APARNA DEBBARMA (39 Points)
30 January 2023
what is the GST TDS late fee rate and interest rate?
2 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14870 Points)
Replied 30 January 2023
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.
CA Rashmi Gandhi
(Chartered Accountant)
(86469 Points)
Replied 30 January 2023
Late fee is Rs. 100 per day and Interest is 18% p.a.
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