Service tax carry-forward and adjust in future periods

This query is : Open

Rajen (Querist)
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04 June 2014 Hi,

1. What are the conditions for carry forward of service tax input credit?

2. Is there any time limit for this carry forward?

3. Is there any prescribed procedure for adjusting input credit against liability?

4. Are there any specific approvals to be taken from service tax department for carry forward of input credit to future periods?

5. Any other points that you may consider important with regard to above queries.

Appreciate prompt reply.

Regards,
Rajen

Amol S Joglekar

Amol S Joglekar (Expert)
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04 June 2014 if input credit remains after availing full benefit, it can be carried forward to the next period. There is, per se, no time limit except as said above we need to carry it forward through the return...No specific approval is necessary

Rajen

Rajen (Querist)
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04 June 2014 Dear Amol,

Thank you so much!

If there are any views other than above by different experts, please revert back.

Many thanks!

Rajen

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