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    <title>RATE AND CESS ON SERVICE TAX: BUDGET IMPACT</title>
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    <description>The Finance Bill, 2015 proposes increasing the statutory service tax rate and ceasing the separate Education Cess and Secondary and Higher Education Cess by making their levies cease to have effect from a notified date after enactment; until notification, the cesses remain payable. The Bill also proposes a dedicated Swachh Bharat Cess on taxable services, and the increase becomes effective only after presidential assent and notification of an effective date.</description>
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