GST Interest and Late Fee Auto Calculator for Extended Due Dates due to Covid 19 in Excel Format
Due to Covid 19 pandemic in India, The Indian Government has extended the Due Dates of filing GSTR returns of various assesses for the months of February 20 to April 20. These dates are declared through Notifications 30/2020 to 36/2020 And Notification No. 49/2020 to 54/2020.
There are different due dates for different types of assesses and due dates also vary based on the Turnover of the assesses. This makes the understanding and remembrance of the due dates difficult and complex.
The Interest liabilities are also bifurcated based on the Turvover of the assesses. And there is also reduced interest for some category of assesses. The Late Fee liabilities are also differently bifurcated based on different types and Turnover of the Assesses.
This will make the calculation of Interest and Late Fee very complex and prone to errors. So, to remove such hurdle we have prepared the “GST Interest and Late Fee Calculator”.which will auto calculate the Interest and Late Fee liabilities for Feb 20 to Apr 20.
Benefits of Excel Calculator :
(Republished with amendments)