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%)
  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting

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 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.