<h1>Finance Minister Expands Tax Base: Service Tax Hike, New Excise Duties on Food, Fewer Exemptions for Various Sectors.</h1> The Finance Minister announced measures to expand the tax base to boost the economy. The Service Tax rate will increase to 14%, integrating existing education cesses. Amendments include taxing services related to amusement access and job work for alcoholic liquor production. Government services to businesses will be taxable unless exempt. Excise duties are introduced on condensed milk and peanut butter. Several service tax exemptions are withdrawn, affecting sectors like airport construction and performing arts. Exemptions on certain transport services are narrowed, and exemptions for mutual fund agents and other specific services are rescinded.