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Latest India Tax News 7th October 2016

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  • Latest India Tax News 7th October 2016

    • CBDT has notified seven districts in Andhra Pradesh for availing tax incentives under section 32(1)(ii) (a) and Section 32AD of the Income Tax Act to boost the industrial activities.
    • Under GST Reverse charge provisions will be applicable in case of both goods & services in case of specified supplies and assessees.
    • Service Tax Return (ST-3) for April,2016 to September,2016 period is available from 1st October,2016, for e-filing by the assessees in both offline and online modes. The last date for filing the returns for the 25/10/2016.
    • CBEC has issued revised guidelines for arrest in relation to Service tax offences punishable under the Finance act, 1994 & Central Excise Act, 1944. Cir No. 201/11/2016-dt. 30 Sept. 2016.
    • SEBI In pursuance of a Medium Term Framework (MTF) for FPI limits in Govt securities, Board has revised the limit for the next half year, to INR 148,000 Cr on October 03, 2016 and INR 152,000 Cr on January 02, 2017.
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