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Economy

Dining out, travelling and paying bills become dearer; Service Tax stands at 14% from today

Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1. The tax is levied on all services, expect a small negative list.

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Devika Chhibber
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