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Interest on Reversal of Input Tax Credit

This query is : Resolved 
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(Querist)
07 April 2021 Sir/Madam
A private limited Company has availed ITC in the month of Jan 2021 GSTR-3B. Now supplier has provided a credit note against the Invoice in March 2021. Interest at what rate is to be calculated at time of reversal of ITC.
Please guide.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 April 2021 No interest applicable as credit note issued in March, consider it in March return.
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