Itc availed but not utilized

The company availed itc on gst paid to vendor but then it was ascertained that there is no output liability.
in such case can the itc availed be reversed or can we apply for refund
Replies (3)
Quick Summary
This discussion addresses a common GST query: what to do when Input Tax Credit (ITC) has been claimed but there's no corresponding output tax liability. Options include adjusting the ITC against future liabilities or exploring a refund. The eligibility for a refund depends on whether the availed ITC was used for further supplies, such as exports or to SEZ units, or if it was an inadvertent error.

You may adjust in the upcoming months
Either you reduce the liability in upcoming months. Or take refund in form of ITC

First we have to analyse the utilisation of ITC availed goods.

If u used the ITC availed goods to further supply as exports or to sez, then only u have eligible to get refund, or if u r in inadvertent tax structure or otherwise u r not eligible to get refund.

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