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.