Interest on delay in gstr 3b

do we have to compute interest seperately for cgst &sgst amount....Or on the total amount?
Replies (4)
Quick Summary
This discussion clarifies the calculation of interest for delayed GSTR 3B filings. Interest is to be computed separately for CGST and SGST amounts, not on the total. Furthermore, the interest is calculated on the net tax liability paid in cash, excluding any Input Tax Credit (ITC) balance. This clarification aligns with decisions made during the 39th GST Council meeting.

Late fees for GSTR-3B is Rs. 20 (Rs. 10 for CGST and Rs. 10 for SGST) per day for NIL returns and Rs. 50 (Rs. 25 for CGST and Rs. 25 for SGST) in other cases

Late filing fee is applicable on late filing of return.

Interest is paid on the tax amount for the delayed period

 

CGST & SGST separately. Please note interest is to be calculated on net liability basis, i.e. only on cash paid (not on ITC balance). This was clarified in 39th GST Council meeting, and notifications/orders/law amendments expected for the same. 

Thank you sir

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