How to calculate GST Interest

How to calculate gst interest if there is a delay in filing monthly gst return? 

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Quick Summary
This discussion explains how to calculate Goods and Services Tax (GST) interest when there's a delay in filing monthly returns. The interest is charged at 18% per annum on the gross tax liability, calculated from the day after the due date until the actual payment date. While the GST portal doesn't automatically calculate this, you'll need to work it out manually using the provided formula: (Gross tax liability x 18%) / 365 x Number of days of delay. An amendment is expected to allow interest calculation on net tax liability soon.

The period of interest shall be from the date following the due date of payment to the actual date of payment of tax.

Unfortunately, interest is being charged on gross tax liability @ 18%

So, (Gross tax liability x 18%)/365 x No. of days of delay

Hey, now just pay tax on net tax liability The amendment 2019 to sec 50 effective date will notify soon.

is it not calculated by gst portal automatically ? 

It is not auto calculate, u have to calculate 18%

Shrikant Toshniwal Thank You!

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