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<h1>Union Budget 2012-13: Indirect Tax Changes, Service Tax Hikes, New Exemptions for Films, Healthcare, Journalists, and Sportspersons.</h1> The Union Budget 2012-13 introduces rationalization measures in indirect taxation, including service tax exemptions for copyrights related to cinematographic films, healthcare, services by charities, religious figures, independent journalists, and sportspersons. A one-page common return for central excise and service tax is proposed. The service tax rate is increased from 10% to 12%.