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

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