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Igst reverse

This query is : Resolved 
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(Querist)
20 December 2020 By mistake we took IGST ( Input credit ) 98900.00 excess for the month of October,20 in GSTR 3B return, now this November,20 GSTR3B return we want to REVERSE BACK above IGST (input credit).Please suggest us how many interesting will be payable against this ,any others charge i.e.any panelty also will be payable against this
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Lekhraj sood

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Lekhraj sood (Expert)
20 December 2020 You can reverse the ITC in Nov.Interest payable @ 18% per annum if you utilise the excess credit.
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