Hello ,
My total Tax liability for April 2020 is 1,00,00.
What is the formula to calculate late fee and interest for one day delay? I will file gstr3b today.
due date was 9th July 2020.
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Missed the GSTR3B due date yesterday . What is my interest and late fee ?
Replies (3)
Quick Summary
Interest = 49/-
See the Formula below
100000*18/365*1 = 49.32/-
( late fee calculated automatically in next month GSTR 3B return)
See the Formula below
100000*18/365*1 = 49.32/-
( late fee calculated automatically in next month GSTR 3B return)
| Originally posted by : RAJA P M | ||
 |
Interest = 49/-See the Formula below 100000*18/365*1 = 49.32/-( late fee calculated automatically in next month GSTR 3B return) |  |
I paid more 100 rs as interest, not the exact 49 rs. is there any problem for this excess amount paid ?
No... No problem for excess paid interest.
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