Time limit for utilising credit

[Asked by Guest]

For how long we can carry forward our unutilise service tax credit. Is there any time limit after which we have to write-off the unutilised credit from our books of accounts?

AI Summary

Service tax credit carry-forward permitted indefinitely where entitlement to utilization persists, with no prescribed time limit for write-off.
There is no prescribed time limit for carrying forward unutilised service tax credit; taxpayers may retain and carry forward any credit amounts so long as they remain entitled to utilize those credits. Write-off is not compelled merely by lapse of time and arises only if entitlement to utilize the credit ceases or applicable provisions require derecognition.