Skip to content

CMA Final · Indirect Tax Laws and Practice · TDS and TCS under GST

A deductor deducted GST TDS but filed the return and furnished the TDS certificate to the deductee only after a delay of 62 days beyond the permitted period. The late fee is Rs 100 per day subject to a maximum of Rs 5,000. What late fee is payable?

The late fee payable is Rs 5,000. The fee runs at Rs 100 per day, so 62 days would come to Rs 6,200, but the law caps the late fee for delay in furnishing the TDS certificate at Rs 5,000, which is therefore the amount payable.

  1. ARs 6,200
  2. BRs 5,000Correct
  3. CRs 3,100
  4. DRs 2,500

Explanation

Late fee for delay in furnishing the TDS certificate is Rs 100 per day, capped at Rs 5,000. For 62 days the uncapped amount would be Rs 6,200, which exceeds the cap, so Rs 5,000 is payable. Rs 6,200 ignores the maximum limit.

Did you get it right without looking?

One question tells you little. A timed set on TDS and TCS under GST shows your real accuracy, how long you take and where you lose marks.

Practise TDS and TCS under GSTFree diagnostic mock

More TDS and TCS under GST questions