GST Late Fee Calculator Facing difficulty in calculating GST[https://www.deskera.com/blog/gst-india-goods-services-tax/] late fees? You’velanded at the right place. Here, you will find all the key information relatedto GST late fee and how to calculate it. Read on to know more about ...
1. Interest Rate for Late Payment 18% Per Annum: This interest rate is applicable if there is a delay in paying the GST liability, including taxes, interest, or any other amount payable under the GST law. 24% Per Annum: This higher rate applies in cases of undue or excess claim of in...
Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty The late filing fee of theGSTR-1is populated in the liability ledger of GSTR-3B filed immediately after such delay. Interest and Late Fee to be Paid ...