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Carry forward of service tax credit on conversion

This query is : Resolved 
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(Querist)
15 November 2014 Our company is engaged in construction business.
Our Private Limited company converted in to LLP. There is service receivable and service tax payable negative balance due to booking cancellation.
There is fresh PAN allotment to LLP
Whether Converted LLP can carry forward service tax receivable and negative balance of service tax payable ?
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CA Harish Shyam Choudhary

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CA Harish Shyam Choudhary (Expert)
15 November 2014 Yes service tax benefit can be taken by LLP provided all the share holders are the partner of LLP and almost all the assets and liabilities are same as of private limited company
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