Interest 24% or 18%

Please tell whether 50(3) is applicable which provides 24% on reversal of ITC or 18%p.a is applicable for GSTR 9 for ITC reversal.
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Quick Summary
This discussion clarifies the applicable interest rate for reversing Input Tax Credit (ITC) on GSTR 9. It questions whether Section 50(3) mandates a 24% interest rate or if the standard 18% per annum applies when excess ITC has been utilised in GSTR-3B compared to GSTR-2A. The core issue is determining the correct interest calculation for such reversals.

What is the reason for Reversal of ITC ???
Excess ITC utilised in 3B than 2A

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