TMI BlogDeployment of Interest Calculator in GSTR-3BX X X X Extracts X X X X X X X X Extracts X X X X ..... Deployment of Interest Calculator in GSTR-3B X X X X Extracts X X X X X X X X Extracts X X X X ..... cilitate & assist the taxpayers in doing self-assessment. This functionality will arrive at the system computed interest on the basis of the tax liability values declared by the taxpayers, along with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the details about the period to which it pertains. The interest appliable, if any, will be computed after the filing of the said GSTR-3B and will be auto-populated in the Table-5.1 of the GSTR-3B of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he next tax-period. The facility would be similar to the collection of Late fees for GSTR-3B, filed after the Due date, posted in the next period's GSTR-3B. This functionality will inform the taxpayer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s about the manner of system computed interest for each tax-head and hence will assist the taxpayers in doing correct computation of interest for the tax liability of any past period declared in the G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... STR-3B for the current tax period. 3. For more details, please refer to the detailed advisory regarding the functionality, click here For seeing an illustration of interest computation in GSTR-3B by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the system with sample values & screenshots, click here 4. This functionality will further improve ease of filing return under GST and is, therefore, in the direction of further reducing the complia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce burden for taxpayers.
Thanking You,
Team GSTN X X X X Extracts X X X X X X X X Extracts X X X X
|