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    <description>Increase in Service Tax rate is proposed by the Finance Bill 2015, raising the statutory levy to a consolidated rate that subsumes the Education Cess and the Secondary and Higher Education Cess. The revised rate will take effect from a date to be notified by the Central Government after enactment; until that notification the Education Cess and the Secondary and Higher Education Cess continue to be levied in addition to the prevailing Service Tax.</description>
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