TaxTMI 
TaxTMI 
Deployment of Interest Calculator in GSTR-3B
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....eployment of Interest Calculator in GSTR-3B <br>GST<br>Dated:- 27-1-2022<br><BR>1. The new functionality of interest calculator in GSTR-3B is now live on the GST Poral. 2. This functionality will fac....
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....ilitate & 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 t....
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....he 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 th....
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....e 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 taxpayers....
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.... 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 GS....
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....TR-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 complian....
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....ce burden for taxpayers. Thanking You, Team GSTN<BR> News - Press release - PIB....