Reversal of ITC in case of Nil Rated Supply of Goods

[DS Pal]

Dear Experts,

We have imported Oats Grains from outside India and Sold the same domestically apart from some other taxable supplies. Since the said items falls under HSN 1004 in Schedule I (List of Nil Rated Goods), we have not charged GST on sale and accordingly declared as Nil rated supply in GST return. Is there any reversal of ITC required in such scenario? Please given reference if yes/no.

Thank you

AI Summary

Input tax credit reversal required for nil rated supplies; common inputs must be apportioned to taxable turnover.
Reversal of input tax credit is required for nil rated supplies: credits on inputs exclusively used for nil rated sales are ineligible, and credits on common inputs and overheads must be apportioned and reversed pro rata so only the taxable proportion is retained, under the prescribed rule based apportionment framework.