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GST Interest plz tell

Jayaram (Senior Finance Officer) (398 Points)

13 June 2018

I have received notice regarding filing 3B from Dec-17. Late fees is auto calculate but interest is not. what I do . pay interest or not. if what is calculation plz help me return is pending.

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CA Padmasri Manyam (CA in Practice) (1340 Points)
Replied 13 June 2018

Interest liability is not autocalculated in the return. Only late fee is auto calculated.

You need to compute interest lability and pay to the government. The applicabl e rate of interest is 18% from the due date to the date of actual payment of tax.

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