Quick Summary
The Goods and Services Tax Network has issued an important advisory regarding the re-computation of interest in Table 5.1 of GSTR-3B. Due to a technical glitch, the interest for February 2026 may have been incorrectly calculated for some taxpayers without considering the benefit of available cash ba
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
GSTN has enabled a 'Re-compute Interest' option on the GST portal for Table 5.1 of GSTR-3B. This allows taxpayers to recalculate interest on delayed filings.
A technical glitch may have caused incorrect interest calculations for February 2026, without considering the benefit of available cash balance as per Rule 88B. This feature corrects that issue.
Taxpayers can find the 'RE-COMPUTE INTEREST' button under Table 5.1 of GSTR-3B on the GST portal. Clicking it will recalculate the interest based on updated system parameters.
After re-calculating, taxpayers should check the updated system-generated GSTR-3B PDF for the revised interest values and manually update Table 5.1 accordingly. The manually edited value cannot be less than the recomputed amount.
You can verify the detailed breakup of interest computation from the System Generated GSTR 3B PDF, accessible via 'Return Dashboard' → 'Select Return Period' → 'GSTR 3B' → 'Prepare Online'.
CAclubindia
