hi please
I will file the gstr 25 and I will liable to pay late fees for RS 50/- per day and
also paying interest ? please tell how to calculate interest
please could you tell me
Menu
Late filing of gstr 3b
Replies (4)
Quick Summary
Interest will be calculated automatically on portal
If return is filled with in 15days from due date then no interest
if before 24th of any month from due date then 9%
and after 24th of any month from due date then 18%
if before 24th of any month from due date then 9%
and after 24th of any month from due date then 18%
You have to pay Interest @ 18% from due date to date of filing
The formula to calculate interest is 18% from the due date of filing of return. Say due date was 20 and you have filed return on 25th. In this case interest will be 18 divide by 100 multiplied by 5 (25-20) divide by 365 (no of days in a year) multiplied by the amount of liability to be paid.
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
