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<h1>Finance Bill 2004 Expands Service Tax: New Services Added, 10% Rate Plus 2% Education Cess, Exemptions Clarified.</h1> The Finance (No. 2) Bill, 2004, effective from September 10, 2004, introduced several changes to the service tax regime. New services under the tax include business exhibition, airport, and construction services, among others. Existing services like financial and business auxiliary services saw expanded definitions. The service tax rate is set at 10%, with an additional 2% education cess. Certain exemptions and abatements are provided for services like outdoor catering and pandal/shamiana services. The circular also clarifies tax applicability on services like intellectual property, opinion polls, and construction, while detailing procedural aspects for compliance and credit utilization.