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Please help me with this sum.
There was a delay of 10 days in payment of ST of ₹ 5 lakh by an assesse. What will be the penalty payable for this delayed payment?
Replies (3)
There is no penalty but interest will have to pay.if ur preceding year turnover is less than 60 lacs then 15% int p.a and more than 60 lacs then 18 % int p.a .here 3% concession is given
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