Penalty and Interest Rate from Current Financial year

Rate / HSN codes 118 views 2 replies
As per my knowledge the Interest rate for Not filling of the GST Returns are:-

Normal Return Rs 50/- per Day total (CGST+ SGST)

Nil Return Rs 20 per Day total of (CGST + SGST)

Interest Rate is as follows

Tax paid after due date is 18 %

Excess ITC claimed or reduction in Output tax is 24 %

My query is that I require a confirmation on the same from you to be sure on that.

Thank You
Replies (2)
Yes you are right sir
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