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What is project specific BGC in TCS?
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I had to pull out after signing with a big firm once too. I was nervous but explained my decision thoughtfully. A year later, I reapplied and still got an interview. Just be respectful and clear. Some do blacklist, but not more than a year.
I worked at MS and resigned and went to ML. ML was a great 10 year run until I was laid off. About 6 months after I was laid off I interviewed with both ML and MS for various roles. ML actually made an offer that I accepted.
I went through background check and got a start date. I emailed the hiring manager the morning of my start date and advised them I had accepted a different role. That was 3 years ago and they have reached out to me 2X since then trying to recruit me.
If you have a legitimate reason and you communicate it well it probably won't be held against you. But if you're pulling out because you got a better offer, it might make you look unserious. And that could be problematic.