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of <h1>Service Tax Hike to 14% from June 1, 2015; Education Cess Ends; New Services Now Taxable.</h1> The Service Tax rate will increase from 12% to 14% effective June 1, 2015, as per the Finance Act, 2015. Education Cess and Secondary and Higher Education Cess will cease from the same date. Amendments include the removal of certain services from the Negative List, such as admission to entertainment events and amusement facilities, which will now be taxed. The definition of 'process amounting to manufacture' excludes alcoholic liquor production, making it taxable. Services related to lottery promotion will also be taxed. The Swachh Bharat Cess and certain government services' taxability will be notified later.
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