Excess credit taken in gstr - 3b ...reg: penalty or interest

First of Why CBEC introdused GSTR 3B?

Bcoz, GSTR 2 and 3 is not ready. GSTR 3 is way of collectng Taxes in GST. But, GSTR 3 is not ready and CBEC/GSTN will receive revenue from Taxpayers from the way of GSTR 3B also they indented GSTR 3B is a Interim Return not a Main Return...

So, What I says here...

Once GSTR 2 and 3 is in force then GSTR 3B is no more in the field of GST...

In your 2nd Query...

GSTR 1 and GSTR 2 is not a Payment return. GSTR 3 is the final return also its based on GSTR 1 and 2. After its coming then Credit Ledger or Cash Ledger or EC Ledger will based on GSTR 1, 2 and 3. So, File Your GSTR 1 is Correctly....

In case GSTR 2 is available then file it Correctly....

I have taken wrong credit of RCM IGST in April 2018, & Utilised,  Now i want to reverse it  In which column of 3b i should reverse it . Please reply ...or through payment of RCM IGST Colom or Regular IGST 

 

Sir/Mam,

I have taken excess ITC for IGST in the month of May18 GSTR 3B. So can i reversed that excess input without paying any interest or penalty, in next month GSTR 3B?