Interest on late return filing

sir.
I have filed gstr 1 and gstr 3b for the months of October 2020 to may 2021 on 3/11/2021 under amnesty scheme.
now I have to pay interest, please tell me how to calculate.
or is there any waver of interest during that period.

please guide me
thanking you
in advance
Replies (2)
Quick Summary
This discussion addresses how to calculate interest on late GSTR 1 and GSTR 3B filings submitted under the amnesty scheme between October 2020 and May 2021. Interest is calculated at 18% per annum on the net cash paid, from the original due date to the actual payment date. The query also explores potential waivers for interest during this period.

interest is payable on net cash paid through cash ledger at the rate of 18% per annum calculated from due date till the date of actual payment.

18% interest till date of payment

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details