What is the Penalty for Failure to Comply with TDS Compliances under GST

Last updated at Dec. 16, 2024 by

  1. Penalty for late issue of TDS Certificate is 100 per day upto a maximum of Rs 5000
  2. Penalty for Non-Deduction/Short Deduction of TDS has minimum penalty of Rs 10000
  3. He shall  also be liable to pay interest on late payment under GST at a maximum rate of 18%( Rate has not yet been notified but it cannot be more than 18%)
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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.