suppose if I took rs 5000 extra ITC for done a double purchase entry mistake
then how much penalty I have to pay and how much is the interest rate is?
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Penalty intrest rate
Replies (4)
Interest rate is 24%
Per month
Per annum.....
Rate of interest will be 18% p.a. vide Notification no. 13/ 2017 Central tax Dated 28 June 2017 ,
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