Download GST Interest Calculation Spreadsheet

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This spreadsheet helps you calculate Goods and Services Tax (GST) interest accurately for the financial years 2017-18 and 2018-19. It incorporates the retrospective amendment from 1st July 2017, meaning interest is now calculated on net cash liability (Gross Liability minus Input Tax Credit) rather than the gross amount. The tool includes fields for CGST, SGST, IGST, due dates, date of payment, and days outstanding, providing a clear breakdown for your calculations. This is an invaluable resource for businesses and tax professionals needing to ensure correct GST interest payments.

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XLSX 17 KB 0 downloads GST

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THIS SHEET CAN BE MADE AS PER LATEST UPDATES ON 39TH GST COUNCIL MEETING, Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively). SUBJECT TO CBIC NOTIFICATION #xlsx

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Submitted by CA NAHID SHALAUDDIN · Posted 19 March 2020 · Other files by CA NAHID SHALAUDDIN · Report

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