MSMED Act Section 16 Tool

MSME Payment Interest Calculator

Calculate delayed-payment liability using invoice amount, due date, payment date, and RBI Bank Rate. The statutory MSMED rate is three times the RBI Bank Rate, compounded with monthly rests.

Input Details

Precision Note: Our calculator uses standard accounting formulas to isolate tax components from inclusive sums.

Tax Breakdown

Base Price (Tax Exclusive)

GST Component

Tax Rate Applied

Payment Composition

Total: Rs. 11,800.00

Base Price (84.7%) GST (15.3%)

Calculation Logic

Base Price = Total Value / (1 + (GST Rate / 100))

GST Amount = Total Value - Base Price

Audit Logs

Track your calculation history for quarterly filings.

GSTIN Validation

Verify supplier GSTINs directly from this dashboard.