penal interest
Salmanulfaris farisi (26 Points)
19 July 2018
what's is the penal interest rate in Gst?
Salmanulfaris farisi (26 Points)
19 July 2018
Deepak Gupta
(CA Student)
(15922 Points)
Replied 19 July 2018
Rate of interest is 18% for failure to pay tax or part thereof to the Government within period prescribed.
The period of interest shall be from the date following the due date of payment to the actual date of payment of tax.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
