Registration under service tax for claiming refund

[Asked by Guest]

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

Cenvat credit carry forward permitted; excess credit may be adjusted against future service tax liabilities, refund restricted.
Unutilised Cenvat Credit may be carried forward and applied against future service tax liabilities; refund of excess credit is not generally available except for export-related provision. The ST-3 return records opening balance, credit availed, credit utilised and closing balance for Cenvat, and the closing balance may be carried forward to the next tax period for adjustment against output service tax.