Eligibility of refund to the service receiver

[VINOD KUMAR]

Dear sirs. Xyz ltd. is having huge amount of cenvat credit accumulated in his credit due to supply of goods under notification no. 12/2012-ce sl. no 338/336. He is receiving wct, mra, and cab services and paying ST undef reverse charge. He is also providing some output services as a service provider. My queries are:-1. is he eligible for refund of service tax paid by him under reverse charge on wct, mra and cab as a service receiver. 2. Is he eligible for refund of inputs under rule 5 of CCR 2004 on the supply to mega power project under sl. No. 336and 338 of notification no. 12/2012-ce. All these supplies has been treated as deemed export. 3. Any other way under indirect taxlaws/FTP which he can use to cash his cenvat credit. The manufacturer is having cenvat credit of more than ₹ 5 crores as 80% supply is deemed export. Further, he has no export out of india. Please reply. Thanks and regards for your valuable suggestion.

AI Summary

Xyz Ltd. seeks refund of service tax paid under reverse charge and inputs under Rule 5 of CCR 2004. A service receiver, referred to as Xyz Ltd., has accumulated a significant amount of CENVAT credit due to supplying goods under a specific notification. The company inquires about eligibility for a refund of service tax paid under reverse charge on certain services and a refund of inputs under Rule 5 of CCR 2004 for supplies treated as deemed exports. They also seek advice on other methods to utilize their CENVAT credit, which exceeds 5 crores. A response suggests using procurement under an advance license and applying for refunds under Rule 5 to reduce the credit accumulation.