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Interest on Reversal of Input Tax Credit

This query is : Resolved 

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.

No interest applicable as credit note issued in March, consider it in March return.



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