Press Information Bureau

Government of India

Ministry of Finance

10-April-2012 15:09 IST

Committee Constituted to review the Scheme for Electronic Refund of Service Tax Paid on Taxable Services used for Export of Goods

A Committee has been constituted with Director General of Service Tax Smt. Sanghamitra Panda as Chairperson to review the scheme for electronic refund of service tax paid on taxable services used for export of goods. Other members of the Committee are Commissioner of Service Tax, Mumbai-1, Shri Sushil Solanki and Director, TRU Shri J. M. Kennedy.

The Committee has been instructed, as a part of the review, to (a) evolve a scientific approach for the fixation of the schedule of rates for service tax refund and (b) propose a revised schedule of rates for service tax refund, taking into account the revision of rate of service tax from 10% to 12% and also movement towards ‘Negative List’ approach to taxation of services. The Committee may interact with / call for data from the field formations, export promotion councils, Chambers of Commerce or any other business or industry association, as may be required. The Committee will submit its report to the Chairman, CBEC before 20th June, 2012. Views and suggestions may be posted at the e-mail address: [email protected]

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DSM/SS/GN

Service tax refund rate review: committee to propose a revised schedule and consult stakeholders for export-of-goods refunds. A committee chaired by the Director General of Service Tax will review the electronic refund scheme for service tax on services used in export of goods, develop a scientific method to fix the schedule of rates, and propose a revised schedule of rates in light of recent rate changes and the shift toward a negative list; the committee may call for data and stakeholder input and must submit a report to the Chairman, CBEC by the stipulated deadline.