https://www.taxtmi.com/caselaws?id=775390 The CESTAT Mumbai allowed the appeal, holding that failure to carry forward service tax credit in statutory returns for over four years does not extinguish the credit. The tribunal found no legal provision or precedent prescribing a "reasonable period" for restoration of such credit. Unlike cases involving misuse or wrongful utilization of credit, mere non-reporting without dispute on eligibility does not justify denial of credit. The impugned order, which relied on a Larger Bench decision concerning different issues, was set aside as the lapse was procedural and did not affect the validity of the credit. en-us Wed, 23 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 08:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775390 The CESTAT Mumbai allowed the appeal, holding that failure to carry forward service tax credit in statutory returns for over four years does not extinguish the credit. The tribunal found no legal provision or precedent prescribing a "reasonable period" for restoration of such credit. Unlike cases involving misuse or wrongful utilization of credit, mere non-reporting without dispute on eligibility does not justify denial of credit. The impugned order, which relied on a Larger Bench decision concerning different issues, was set aside as the lapse was procedural and did not affect the validity of the credit. Case-Laws Service Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775390