Registration under service tax for claiming refund

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....egistration under service tax for claiming refund<br> Query (Issue) Started By: - Ajay Kumar Dated:- 24-3-2006 Last Reply Date:- 6-4-2006 Service Tax<br>Got 3 Replies<br>Service Tax<br>Can a person, registered under Service Tax rules claim refund / adjust (due to excess input credit ) excess cenvet credit in next financial year Reply By Surender Gupta: The Reply: Unutilized balance of Cenvat Cre....

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....dit is allowed to be carried forward and can be utilized to pay service tax liability of next period. But it can not be claimed as refund execpt within the provision of Rule 5 i.e. in case of export. Reply By Prashant Bhole: The Reply: As said by Surendra Sir the excess Input Credit can be adjusted in next financial year. With regards to this i had a small query for how much period is it possible....

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.... to carry forward the excess input credit to be setoff against ouput service. In our case we have a input credit balance of 85000/- as on march 04 and for the current year also we have input credit of 150000/- however there was very less output service to adjust the same. Please guide whether can reverse excess input credit entry made in earlier year due to shortfall of output service tax. Reply B....

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....y Surender Gupta: The Reply: In the new ST-3 form you will find that that for Cenvat Credit the particulars of opening balance, credit availed, credit utilized and Closing Blance. Therefore you have no restriction on carrying forward the closing balance in the next tax period.<br> Discussion Forum - Knowledge Sharing ....