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<h1>Clause 88 of the Finance Act, 2005, takes effect on June 16, 2005, per Notification No. 15/2005-Service Tax.</h1> The Central Government has designated June 16, 2005, as the effective date for the implementation of clause 88 of the Finance Act, 2005. This decision is formalized under Notification No. 15/2005-Service Tax, dated June 7, 2005, issued in accordance with the powers granted by section 88 of the Finance Act, 2005.