Is there any penalty or interest on late issue of gst invoice
first time only I have issued invoice having an amount of rent only.
then after 7 month I was issued gst amount invoice for all 7 month.
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penalty or interest
Replies (1)
yes interest will be applicable
no penalty
interest rate is 24%
reduction or non disclosure of liability
read section 50 of CGST act
no penalty
interest rate is 24%
reduction or non disclosure of liability
read section 50 of CGST act
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