Utilisation of credit carry forwarded under GST

[Asked by Guest]

Sir,

Can we utilize the credit carry forwarded under GST in the first month itself or is there any time period to defer?

Is there any time limit to utilize the credit carry forwarded?

AI Summary

Transfer of input tax credit: migrate carried-forward credit to the new GST regime before utilisation under GST rules.
Transfer of credit to the new GST regime is required before any utilisation of carried-forward credit; after migration, carried-forward credit may be utilised only in accordance with GST Act provisions and rules. The excerpt notes no explicit time limit on utilisation but raises questions about eligibility for setoff in relation to older stock and transitional eligibility criteria.