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of <h1>Finance Bill 2015 amends Section 66B, raising service tax rate from 12% to 14%, effective upon notification.</h1> Clause 106 of the Finance Bill, 2015 proposes an amendment to section 66B of the 1994 Act, increasing the service tax rate from twelve percent to fourteen percent. This change will take effect on a date specified by the Central Government through a notification in the Official Gazette.
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