Excess input tax credit

I have taken excess ITC in 17-18, which i have not reversed it in 17-18 & 18-19 and also not utilized that excess ITC till date (i.e 19-20) and it is still in my credit ledger. Now i want to reverse that excess ITC what should i do? or what should i do of that excess credit in my credit ledger?

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Replies (2)
you reverse through DRC03 with interest
reverse it through DRC-03, since input is not utilised dont pay interest. Even though there are kixed opinions that Interest is applicable, for now dont pay interest.

Since no interest is applicable on late payment of interest you can make it only on receipt of ang notice.

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