please tell me how gstr1 will be calculated, will it be same as gstr3b? e.g if gstr1 for july2017 due date is 11of august 2017 and late fee will be from 12aug 2017 to till now? is it right or wrong? please correct me
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Quick Summary
This discussion clarifies the calculation of late fees for GSTR 1 filings. The user inquires if the calculation method is similar to GSTR 3B and asks for confirmation on the start date for late fees, suggesting it begins the day after the due date. The response confirms that late fees for GSTR 1 are indeed calculated from the day following the due date until the actual filing date.