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The Committee has been instructed, as a part of the review, to
(a) evolve a scientific approach for the fixation of rates in 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 will submit its report before 20-6-2012. Views and suggestions may be posted at the e-mail address: feedbackonestr@gmail.com.
