Penatly on Default by Composition Dealer in GST

Last updated at April 16, 2024 by

This penalty is charged if a person has wrongly claimed the benefit of Composition Scheme

He will be liable to pay

Tax Payable Under Normal Schem

+

Penalty equal to Amount of Such tax

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.