Download Free Excel Utility to Calculate GSTR-3B Interest
Free Excel Utility to Calculate GSTR-3B Interest
GSTR 3b is the main return of GST. We make payment of tax while filing GSTR 3b. It is not only a return but also a mechanism for self-assessment. The late filing of GSTR 3B invites the liability to pay interest. But this interest is not calculated by the GSTN portal or even by the department. here we have compiled Free Excel Utility to Calculate GSTR-3B Interest. You can download it and use this excel utility to calculate GSTR 3b interest. It is easy to use. You only need to fill the basic details. The date of filing of return. The amount of tax payable etc. It takes care of the rest of the requirements.
Note : | The interest shall be calculated from the day succeeding the day on which such tax was due to be paid – section 50(2) of CGST Act. .( notification no 13/2017 – Central Tax dated 28th June 2017) | ||
Note : | Turnover > 5 crores | If return in FORM GSTR-3B is furnished on or before the 24th day of June, 2020 (notification no.31/2020 – Cental Tax) | |
Note : | Turnover > 1.5 crores but < 5 crores | If return in FORM GSTR-3B is furnished on or before the 29th day of June, 2020 (notification no.31/2020 – Cental Tax) | |
Note : | Turnover < 1.5 crores | If return in FORM GSTR-3B is furnished on or before the 3rd day of July, 2020 (notification no.31/2020 – Cental Tax) |
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