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of <h1>Union Budget 2015: Service Tax Rises to 14%, New Swachh Bharat Cess, Expanded Reverse Charge, Digital Invoicing Introduced.</h1> The Union Budget 2015 introduces significant changes to the Service Tax framework. The Service Tax rate is increased from 12.36% to 14%, subsuming existing cesses. An enabling provision for a Swachh Bharat Cess at 2% on taxable services is introduced. Amendments to the Negative List include taxing services related to amusement facilities and entertainment events. Exemptions on certain services are withdrawn, while new exemptions are introduced for ambulance services, and services related to museums and wildlife sanctuaries. The reverse charge mechanism is expanded, and provisions for digital invoices and electronic records are added. These changes take effect on various dates, primarily from April 1, 2015.
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