As per Section 47 of the CGST Act, a late fee of Rs. 50 per day (Rs. 25 CGST + Rs. 25 SGST) applies for every day of delay, subject to a maximum of Rs. 5,000.
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Yes. Under the revised guidelines, solar power plants qualify for accelerated depreciation. You can claim up to 40% depreciation in the first year of installation, provided the plant was put to use before September 30th.
IT_Guidelines_2024_Amendments.pdf
Section 4, Paragraph 2 · Page 43
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As per Section 47 of the CGST Act, a late fee of Rs. 50 per day (Rs. 25 CGST + Rs. 25 SGST) applies for every day of delay, subject to a maximum of Rs. 5,000.
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