Calculate interest payable on delayed GST payments instantly under Section 50 of the CGST Act. This GST interest calculator helps businesses, tax professionals, accountants, and MSMEs determine interest liability on late GST payments accurately.
Features
- Automatic delay days calculation
- Supports 18% and 24% GST interest rates
- Instant interest computation
- Mobile responsive calculator
- Accurate GST interest calculation formula
GST Interest Calculator
Calculate GST interest payable on delayed GST payments instantly under Section 50 of the CGST Act with automatic CGST, SGST and IGST breakup.
GST Interest Calculation Result
Interest = (Tax Amount × Interest Rate × Delay Days) ÷ 36500
Interest under GST is calculated as per Section 50 of the CGST Act.
Disclaimer: This calculator is for general informational purposes only and should not be considered legal or professional advice.
What is GST Interest?
GST interest is payable when a taxpayer delays payment of GST liability beyond the prescribed due date. Interest is charged under Section 50 of the CGST Act.
GST Interest Rate Under GST
| Particulars | Interest Rate |
|---|---|
| Delayed GST payment | 18% |
| Excess ITC claimed or excess reduction in output liability | 24% |
Formula for GST Interest Calculation
Interest is calculated using the following formula:
Interest = (Tax Amount × Interest Rate × Delay Days) ÷ 36500
Example:
- GST Liability: ₹1,00,000
- Delay: 30 Days
- Interest Rate: 18%
Interest Payable = ₹1,479
When is GST Interest Applicable?
GST interest becomes applicable in cases such as:
- Late filing of GSTR-3B
- Delay in GST payment
- Short payment of tax
- Wrong availment of ITC
- Excess reduction in output liability
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Disclaimer
This GST Interest Calculator is provided solely for general informational and educational purposes. While reasonable efforts are made to keep the calculations updated and accurate, the applicability of interest may vary depending upon:
- Government notifications
- GST amnesty schemes
- Special relief measures
- Changes in GST law
- Type of taxpayer
- Nature of return
- Jurisdiction-specific provisions
Users are advised to independently verify the applicability of interest and consult a qualified Chartered Accountant, Company Secretary, Cost Accountant or tax professional before taking any decision based on this calculator.
We do not accept any liability arising from reliance placed on the calculations generated by this tool.
Frequently Asked Questions (FAQs)
Is GST interest mandatory?
Yes, GST interest is mandatory if tax payment is delayed beyond the due date.
What is the GST interest rate for delayed payment?
Normally, GST interest is charged at 18% per annum.
How is GST interest calculated?
GST interest is calculated on delayed tax liability using the prescribed formula under Section 50.
Is GST interest calculated on gross liability?
As per current provisions, interest is generally payable on net cash liability.