Registration under service tax for claiming refund

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Can a person, registered under Service Tax rules claim refund / adjust (due to excess input credit ) excess cenvet credit in next financial year

AI Summary

Can a registered person claim a refund or adjust excess Cenvat credit? Rule 5 allows refunds for exports only. A discussion forum addresses whether a person registered under Service Tax rules can claim a refund or adjust excess Cenvat credit in the next financial year. One participant clarifies that unutilized Cenvat Credit can be carried forward to offset future service tax liabilities but cannot be refunded except under Rule 5 for exports. Another participant queries the duration for carrying forward excess input credit and whether reversing excess input credit entries due to insufficient output service tax is permissible. It is clarified that the ST-3 form allows carrying forward the closing balance without restrictions.