web analytics

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

  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
Jail