Advisory on Recalculation of Interest in Table 5.1 of GSTR-3B
Advisory on Recalculation of Interest in Table 5.1 of GSTR-3B
To support accurate self-assessment by taxpayers, the GST portal automatically computes interest on delayed filing of GSTR-3B returns. This calculation is based on the tax liability paid and the breakup details provided under the “Tax Liability Breakup” section.
Key Points:
1. Auto-Calculation of Interest
The system-generated interest is automatically reflected in Table 5.1 of the subsequent GSTR-3B return, similar to how late fees are calculated and collected in the following period.
2. Verification of Interest Calculation
Taxpayers can review the detailed interest computation through the system-generated GSTR-3B PDF using the following path:
Login → Return Dashboard → Select Return Period → GSTR-3B → Prepare Online → System Generated GSTR-3B PDF
3. Issue Identified for February 2026
In certain cases, the interest calculated for February 2026 and displayed in March 2026 GSTR-3B (Table 5.1) may be incorrect due to a technical issue. Specifically, the system may not have considered the benefit of the minimum balance available in the Electronic Cash Ledger as per applicable rules.
4. Re-compute Interest Facility
To address this, the GST portal provides a “Re-compute Interest” option in Table 5.1 of GSTR-3B.
- On selecting this option, the system recalculates interest using updated parameters.
- The revised interest amount will be reflected in the updated system-generated GSTR-3B PDF.
5. Updating Interest in Return
Taxpayers should refer to the updated PDF and manually edit the interest amount in Table 5.1, if required.
- The revised interest can also be viewed by hovering over the relevant field.
- The final value entered should not be lower than the recomputed amount shown in the system-generated PDF.
Note: This content is intended for informational purposes only and should not be considered as legal advice. For compliance, always refer to the relevant provisions under GST law, rules, and official notifications.
Also Read: GST ITC Set-Off Rules Changed from January 2026 — A Practical Guide for Taxpayers
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