Late fees rate and interest rate

what is the GST TDS late fee rate and interest rate?
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Quick Summary
This discussion clarifies the GST TDS late fee and interest rate. If a deductor fails to pay the deducted tax to the government account on time, they will be liable for interest as per Section 50(1) of the CGST Act, in addition to the tax itself. The late fee is set at Rs. 100 per day, and the interest rate is 18% per annum.

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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