GST Late Fee Calculator

What is a GST Late Fee Calculator?

The GST Late Fee Calculator is a tool designed to assist businesses and individuals in calculating the late fees and interest amount for delayed GST monthly filings. It considers the specific provisions and regulations set forth by the tax authorities and applies the relevant rules to determine the late fee amount. Using this calculator, businesses can quickly assess the penalties associated with late GST filings, ensuring compliance and avoiding unnecessary financial burdens.

How Does the GST Late Fee Calculator Work?

The GST Late Fee Calculator operates based on the guidelines provided by tax authorities for calculating late fees. It considers factors such as the duration of the delay and the values of Tax liabilities, Input Tax Credit (ITC). By inputting the necessary information into the calculator, businesses can obtain an accurate calculation of the GST late fee amount and interest amount.

Late Fee for GSTR-3B Filing

GSTR-3B is a monthly summary return that needs to be filed by registered taxpayers. Late filing of GSTR-3B attracts a penalty and is divided into two categories:

• Enter the Tax Period: Select the month and year you’re due to file the GSTR-3B. This represents the duration for which the return is overdue.
• Nil Tax Liability: If you have no tax liability for the particular month, the late fee is capped at Rs.20 per day (Rs.10 per day each under CGST and SGST). The total late fee is limited to a maximum of Rs.50 (Rs.25 each under CGST and SGST).
• Tax Liability: If you have any tax liability for a particular month, the late fee is Rs.50 per day (Rs.25 per day each under CGST and SGST). The total late fee is capped at a maximum of Rs.10,000 (Rs.5,000 each under CGST and SGST).
• The GST calculator will then display the GST amount and Total selling price in a few seconds.

To calculate the late fee, you need to determine the number of days of delay from the due date of filing GSTR-3B until the actual filing date. Multiply the applicable daily rate (as mentioned above) by the number of days of delay to get the late fee amount.

Using the GSTR-3B Late Fee Calculator

Enter the following information to get the GST late fee.

• Enter the Tax Period: Select the month and year you’re due to file the GSTR-3B. This represents the duration for which the return is overdue.
• Enter the filing date: Enter the approximate date on which you plan to file the return.
• Enter Tax Liabilities: Enter the tax liability on the Outward supplies and Output tax liability (Sales) as per your books.
• Enter ITC Available: Enter the Input tax credit (Purchases) as per your books.
• Tax to be paid: We will calculate the Net tax liability(on which interest and Late fee are computed)
• Click on Calculate: Once you have entered the tax liabilities and ITC available, click the 'Calculate' button to obtain the late fee amount, interest amount, and Total Amount.

The GST calculator will then display the GST amount and Total selling price in a few seconds.