Due to Oversight We have Taken Excess ITC in GSTR - 3B for DEC and it is also already Reflected in Electronic Credit Ledger...
But We Could Not Utilized the Said Excess ITC which is lying as same amount..----
Now We are going to Reverse the said Excess ITC Amount in FEB -GSTR-3B ---
Question: This Mistake is Punishable ??? OR any Penalty / Interest will be Imposed on Us ???
Please give advice