Introduction:
GST Interest and Late Fees Calculator App is very useful app. Specially for all Tax Consultants, Chartered Accountants(CA), Company Secretaries(CS), Financial Cost Accountants(FCA), Tax Officers(STO),Tax Authorities, Taxpayers, GST Tax Practitioners(GSTPs) and etc professionals who are known to GST concepts.
As we know every taxpayer has to pay the Interest and Late Fees on Output Tax Liability payable. After the GSTR-3B date is been lapsed they gave to bare the Interest amount on Tax Amount calculated under various sections. To deal with the amounts accuracy is our application’s main moto.
It is absolutely FREE! FREE! FREE! To use and share.
Features:
1. Accurate Amounts Calculation.
2. Easy User Interface to understand and operate.
3. Flexible date selection for return filing period.
4. Selecting payable date and last date of returns.
5. Faster GST Interest and Late Fees Calculations.
6. Reduce calculations mind stress and avoid wrong inputs with wrong calculations.
7. Very small app size.
8. Calculations Under Section50(1) at 18% per annual or Under Section50(3) at 24% per annual.
Working:
User only has select the GST return period, due date of that return period, current date till which the calculations are to be performed, select section under which interest is to be charged, enter IGST,CGST and SGST Tax Amounts and click “Calculate”. You will notice the Interest amounts been calculated for IGST/CGST/SGST and in the third block of GST Interest and Late Fees Calculation will get the Total amount combined using IGST,CGST and SGST Tax Amount plus Interest amounts.
Same is the functionality for GST Late Fees calculations select the GST return period, due date of that return period, current date till which the calculations are to be performed and select your GST Return type i.e Nil or Figure based. If the GSTR3B is Nil then calculation will be performed at Rs. 10 per day for CGST and Rs. 10 per day for SGST. If the GSTR3B is Figure based then calculation will be performed at Rs. 25 per day for CGST and Rs. 25 per day for SGST. Remember late fees can be charged upto Rs.5,000/- for CGST and Rs.5,000/- for SGST making the total of Rs.10,000/-.
Users Applicable:
Tax Consultants, Chartered Accountants(CA), Company Secretaries(CS), Financial Cost Accountants(FCA), Tax Officers(STO), Taxpayers, GST Tax Practitioners(GSTPs) and etc professionals who are known to GST concepts.
Future Enhancements:
1.We wish to provide you the GST Updates based on latest GST notifications, GST Circulars and GST Orders from various case studies.
2. GST items sorted on various GST Tax Rates at 0%,0.25%,3.00%, 5.00%, 12.00%, 18.00% and 28%.
3. Regular GST things we should take care of :
GSTR-3B/GSTR3B - Difference between Sales and Purchase for choosing between Output Liability or Input Tax Credit,
GSTR2A - GST Purchase bill filed by third party,
GSTR4 - Composition Dealers,
GSTR9 - Annual GST Return.
This is small app is designed with the help of various Tax Consultants, Chartered Accountants(CA), Company Secretaries(CS), Financial Cost Accountants(FCA), Tax Officers(STO), Taxpayers, GST Tax Practitioners(GSTPs) and etc professionals who are known to GST concepts, who have guided us using GST Acts and Rules based on various - Sections and sub-sections.
This focuses on Section 50(1) under GST Acts and GST Rules. And in future we will improvise our app with all such small functions to deliver something good, big and useful. There are various returns, commonly filed and need the information based on latest GST notifications, GST Circulars and GST Orders from various case studies. We will include them soon in coming future improvements.
GST Interest and Late Fees Calculator App is very useful app. Specially for all Tax Consultants, Chartered Accountants(CA), Company Secretaries(CS), Financial Cost Accountants(FCA), Tax Officers(STO),Tax Authorities, Taxpayers, GST Tax Practitioners(GSTPs) and etc professionals who are known to GST concepts.
As we know every taxpayer has to pay the Interest and Late Fees on Output Tax Liability payable. After the GSTR-3B date is been lapsed they gave to bare the Interest amount on Tax Amount calculated under various sections. To deal with the amounts accuracy is our application’s main moto.
It is absolutely FREE! FREE! FREE! To use and share.
Features:
1. Accurate Amounts Calculation.
2. Easy User Interface to understand and operate.
3. Flexible date selection for return filing period.
4. Selecting payable date and last date of returns.
5. Faster GST Interest and Late Fees Calculations.
6. Reduce calculations mind stress and avoid wrong inputs with wrong calculations.
7. Very small app size.
8. Calculations Under Section50(1) at 18% per annual or Under Section50(3) at 24% per annual.
Working:
User only has select the GST return period, due date of that return period, current date till which the calculations are to be performed, select section under which interest is to be charged, enter IGST,CGST and SGST Tax Amounts and click “Calculate”. You will notice the Interest amounts been calculated for IGST/CGST/SGST and in the third block of GST Interest and Late Fees Calculation will get the Total amount combined using IGST,CGST and SGST Tax Amount plus Interest amounts.
Same is the functionality for GST Late Fees calculations select the GST return period, due date of that return period, current date till which the calculations are to be performed and select your GST Return type i.e Nil or Figure based. If the GSTR3B is Nil then calculation will be performed at Rs. 10 per day for CGST and Rs. 10 per day for SGST. If the GSTR3B is Figure based then calculation will be performed at Rs. 25 per day for CGST and Rs. 25 per day for SGST. Remember late fees can be charged upto Rs.5,000/- for CGST and Rs.5,000/- for SGST making the total of Rs.10,000/-.
Users Applicable:
Tax Consultants, Chartered Accountants(CA), Company Secretaries(CS), Financial Cost Accountants(FCA), Tax Officers(STO), Taxpayers, GST Tax Practitioners(GSTPs) and etc professionals who are known to GST concepts.
Future Enhancements:
1.We wish to provide you the GST Updates based on latest GST notifications, GST Circulars and GST Orders from various case studies.
2. GST items sorted on various GST Tax Rates at 0%,0.25%,3.00%, 5.00%, 12.00%, 18.00% and 28%.
3. Regular GST things we should take care of :
GSTR-3B/GSTR3B - Difference between Sales and Purchase for choosing between Output Liability or Input Tax Credit,
GSTR2A - GST Purchase bill filed by third party,
GSTR4 - Composition Dealers,
GSTR9 - Annual GST Return.
This is small app is designed with the help of various Tax Consultants, Chartered Accountants(CA), Company Secretaries(CS), Financial Cost Accountants(FCA), Tax Officers(STO), Taxpayers, GST Tax Practitioners(GSTPs) and etc professionals who are known to GST concepts, who have guided us using GST Acts and Rules based on various - Sections and sub-sections.
This focuses on Section 50(1) under GST Acts and GST Rules. And in future we will improvise our app with all such small functions to deliver something good, big and useful. There are various returns, commonly filed and need the information based on latest GST notifications, GST Circulars and GST Orders from various case studies. We will include them soon in coming future improvements.
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