Interest on GST Payment

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This discussion clarifies how to calculate interest on GST payments when the GSTR 3B return due date is extended. It addresses whether interest accrues from the original due date (20th) or the extended date (23rd) if the return is filed later. The key question is whether the calculation should be based on the date of payment or the date of filing the return.

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(Querist)
06 April 2020 Query 1
If GSTR 3B return due date extended to 23rd & return filed on 28th,
So Interest on GST will be calculated from 20th or 23rd ?

Query 2
While calculating Interest do we have to consider Date of Payment or date of filing the return to calculate no. of days ?
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Gokul Sharma

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Gokul Sharma (Expert)
07 April 2020 from extended date to the date of return filled.
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Guest

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Guest (Expert)
10 April 2020 This video gives illustration for computing interest in view of recent amendment

https://youtu.be/wfg-4Chttyg
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