Govt. of Gujarat notified regarding the rate

Oct 25, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Compliance class="MsoNormal" style="text-align: justify;">The Government of Gujarat on October 01, 2023, issued a notification regarding the rate of interest for the Consequence of failure to deduct or pay tax

The following has been stated namely: -

· It has specified one percent as the rate of interest per month under Section 9 subsection (1) which states the Consequence of failure to deduct or pay tax.

[Notification No. (GHN-ZZ)-PFT-2023-S.9(1)(2)-TH]

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