SERVICE TAX INPUT CREDIT UTILISATION

Originally posted by : Sreekumar Menon Yethindradas
	Sir, Re :- Service Tax Credit Utilisation. Accumulated Balance of Service Tax input Cr. 1] How far accumulation of Service tax input Cr. of P.Y. can be carred forward ? 2] is there any time limit for set off of these accumulated Dr. balance ?

1) if the assesee opts for exemption / abatement in current year, then the credit accumulated should be lapsed and go to zero. ( cenvat credit on capital goods will not lapse)

2) if the assesee opts to pay service tax from the 1st invoice, then they can utilize the credit of previous year to pay the tax of current year, but they can not avail any exemption

Dear all

Can anybody help me out regarding:

1. The Input Service Tax on Export can taken as credit against the Domestic out put Service Tax ?

2. Can Input Service Tax on Export be carryforwarded ? if yes how far (time limit)

3. Can service tax be claimed as monetary refund ?