Excess ITC SURRENDER

This discussion addresses how to surrender excess Input Tax Credit (ITC) for the 2018-19 financial year when there's no output tax liability. While some suggest using Table 6 of GSTR-9 or paying via DRC-03 with interest if the ITC wasn't utilised, others clarify that unutilised ITC typically lapses automatically if not used. It's also noted that GST law generally permits refunds for unutilised ITC only in cases of zero-rated supplies or inverted duty structures.