Utilisation of credit carry forwarded under GST, Goods and Services Tax - GST

[Aitha RajyaLakshmi]

Sir,

Can we utilize the credit carry forwarded under GST in the first month itself or is there any time period to defer?

Is there any time limit to utilize the credit carry forwarded?

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

First you have to transfer the credit to the new regime and after that if it is eligible to utilize under GST laws you can utilized as per the provisions of GST Act and rules made there under.

[Himansu Sha]

No such restriction appears to have been imposed so far

[sachin shilamkar]

We have old stock more than one year can we be able to carry forward cenvat credit on the same after implementation of GST. What are the eligibility criteria to get setoff under GST.