Rule 5 read with notification 27/2012

[kiran y]

Dear all,

1. In the case of 100% EOU who are only into services, should Total turnover as per notification include exportsbilled but not realised ? can cenvat credit on which refund couldnt be claimed in the present quarter be transferred to the next quarter.
2. Can SEZ file refund under Notification no 27/2012 though there is a specific Notification No.40/2012, as the former notification doesnt specifically prohibit SEZ from claiming refund.

[DR.MARIAPPAN GOVINDARAJAN]

Have you got clarified in the above said issue? If not please inform.

[MUNIRAJ SRINIVASAN]

Dear Shri Govindarajan,

Could you please share your views.

Thanks.

AI Summary

Exploring Service Tax Challenges: Export Turnover Calculations, CENVAT Credit Transfer, and SEZ Refunds Under Notification No. 27/2012. A discussion on a forum addresses service tax issues related to 100% Export Oriented Units (EOUs) and Special Economic Zones (SEZs). The queries involve whether total turnover calculations should include exports billed but not realized and if CENVAT credit refunds not claimed in the current quarter can be transferred to the next. Additionally, there's a question about SEZs filing refunds under Notification No. 27/2012 despite the existence of Notification No. 40/2012. Responses request further clarification and sharing of views on these matters.