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    <title>New Service tax rate of 14% is not effective immediately and shall come into effect only from a date to be notified later</title>
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    <description>The proposed increase in service tax under the Finance Bill, 2015 is not effective immediately and becomes operative only from a date to be notified after enactment; a separate Swachh Bharat Cess may also be levied on taxable services. Notifications effective 1 April 2015 amend exemptions, expand full reverse charge obligations (including mutual fund/AMC agent services and lottery agent services), convert certain services to full reverse charge, revise the Mega Exemption Notification to withdraw and add specified exemptions, and harmonize and alter abatement rules including withdrawal of chit fund abatement.</description>
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    <pubDate>Thu, 02 Apr 2015 05:56:07 +0530</pubDate>
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      <title>New Service tax rate of 14% is not effective immediately and shall come into effect only from a date to be notified later</title>
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      <description>The proposed increase in service tax under the Finance Bill, 2015 is not effective immediately and becomes operative only from a date to be notified after enactment; a separate Swachh Bharat Cess may also be levied on taxable services. Notifications effective 1 April 2015 amend exemptions, expand full reverse charge obligations (including mutual fund/AMC agent services and lottery agent services), convert certain services to full reverse charge, revise the Mega Exemption Notification to withdraw and add specified exemptions, and harmonize and alter abatement rules including withdrawal of chit fund abatement.</description>
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