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Deployment of Interest Calculator in GSTR-3B

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..... Deployment of Interest Calculator in GSTR-3B
GST
Dated:- 27-1-2022

1. The new functionality of interest calculator in GSTR-3B is now live on the GST Poral. 2. This functionality will fa .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... 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 .....

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..... nce burden for taxpayers. Thanking You, Team GSTN
News - Press release - PIB .....

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