EXCESS CREDIT TAKEN OF ITC IN GSTR-3B

How do I rectify if excess Input Tax Credit taken in GSTR 3B?

Excess Input Tax Credit has been availed while filing GSTR 3B in previous year, now found the mistake and want to correct . How can this mistake be corrected.

EXCESS CREDIT TAKEN OF ITC IN GSTR-3B

If the input tax credit is wrongly claimed, then it must be reversed by making payment to that extent in the next month or in the month when such mistake came into notice.

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It can be reversed either through reversing the input Tax credit in GSTR 3B if sufficient amount of input tax credit available in credit ledger or by making payment through Cash ledger and adjusting the same in GSTR 3B where balance of credit Ledger is not sufficient to meet the requirement.