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of <h1>Committee Formed to Revise Service Tax Refund Scheme for Exported Services Following Notification 52/2011-ST.</h1> A Committee chaired by the Director General of Service Tax has been established to review the electronic refund scheme for service tax on taxable services used in exporting goods. This initiative follows Notification 52/2011-ST, dated December 30, 2011. The Committee's objectives include developing a scientific approach for setting service tax refund rates and proposing a revised schedule, considering the service tax rate increase from 10% to 12% and the shift towards a 'Negative List' taxation approach. The Committee will gather data from relevant stakeholders and submit its report to the Chairman of CBEC by June 20, 2012.
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