GST portal allows interest calculation

The GST Network has made interest calculation functionality operational on the GST portal, a move which will improve ease in filing return for small businesses.

The businesses and taxpayers can now calculate interest on delayed payment while filing their monthly tax payment form GSTR-3B. In a notification, the GST Network said the system will compute interest on the basis of the tax liability values declared by the taxpayers, along with the details about the period.