tax audit

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due to gst return filling. tax audit is late after 31 Oct what is penalty and provision
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penalty 0.5% of turnover or 1lakh which ever is higher
Yes....
penalty 0.5% of turnover or 1lakh which ever is higher. So, file on or before 31st October...
Penalty u/s 271B is 0.5% of turnover or rupees 1,50,000/- whichever is LESS

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