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Interest on Late Filing in GSTR 3B

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Tax Consultant
233 Points Joined February 2016
I have interest payable for late filing for GSTR 3B. I have excess credit in IGST adjusted in CGST liability now CGST & SGST figures are not same. In interest column the figures appears same as CGST or SGST. So, how to calculate interest after adjustment of excess credit or before adjustment of liability.
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On 10 June 2018 at 08:08 Report
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Accountant
3479 Points Joined August 2014
You can calculate interest calculation after adjustment & separate calculation of CGST & SGST interest
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On 10 June 2018 at 08:31
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Tax Consultant
233 Points Joined February 2016
Interest figures are not same System accepts same amount in CGST & SGST. Is this error of system or I am doing wrong calculation.
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On 10 June 2018 at 10:40
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314 Points Joined November 2017
When you fill the interest amount of either CGST or SGST, both the column work simultaneously. So it is advisable to pay the interest on the amount which is higher, i.e , on SGST in both the column.
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On 10 June 2018 at 13:24
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Tax Consultant
233 Points Joined February 2016
Is this correct way to do?
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On 10 June 2018 at 14:50
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Accountant
3479 Points Joined August 2014
No, this is not correct way, you can enter interest amount as per your calculation & system surely accept.
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On 10 June 2018 at 16:32
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Tax Consultant
233 Points Joined February 2016
No when you type figure in CGST Column the SGST Column fills auto. It is System error I think.
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On 10 June 2018 at 17:01
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Accountant
3479 Points Joined August 2014
Wait for some time & try again
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On 10 June 2018 at 18:27
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CA Final
39 Points Joined February 2010

Anybody found the solution to this issue as same simultaneous updation is of Interest amt of SGST and CGST is still continuing...

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On 13 January 2019 at 13:21

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