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of <h1>Finance Bill 2016 proposes raising Section 89(1) threshold from 50 lakh to 200 lakh rupees for service tax.</h1> Clause 152 of the Finance Bill, 2016, proposes an amendment to section 89, sub-section (1), of the 1994 Act. The amendment increases the monetary threshold from fifty lakh rupees to two hundred lakh rupees. This change affects the specified monetary limits within the context of service tax provisions.
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