Interest on late payment of gst

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20 Points Posted on 10 January 2020
suppose i have filed my april gstr 3b on 30 august. however i have not submitted interest on same amount till now (ie 10 jan 2020 ) and , gross output liability is rs 60000 and Itc available was rs 30000.

my question is how much interest i will have to pay today??
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On 10 January 2020 at 13:53 Report
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This discussion clarifies how to calculate interest on late GST payments. It addresses a specific scenario where GSTR 3B was filed late, and interest was not paid at the time of filing. The calculation involves determining the interest payable on the net tax liability from the due date to the actual payment date at the prescribed rate.

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Chartered Accountant
973 Points Posted on 10 January 2020
You have pay interest at 18% p.a from 21st May to 30th August on Rs.60,000.
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On 10 January 2020 at 23:20
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20 Points Posted on 11 January 2020
But i think there is a deemed assumption taken in all example provided that i have paid interest while filing of return??

but actual i have not
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On 11 January 2020 at 08:45

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