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Latest India Tax News 8 February 2017

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  • Latest India Tax News 8 February 2017

    1. The Central Government hereby amend the Service Tax Rules, 1994, which may be called as the Service Tax (Second Amendment) Rules, 2017 and shall come into force on the date of publication in the Official Gazette.
    2. Under GST address of buyer, place of delivery & state mandatory even for unregistered person in every Tax Invoice of Rs. 50,000 or more.
    3. The RBI had clarified via its circular no. DBR.No.BP.BC.34/21.04.132/2016-17 “Schemes for Stressed Assets-Revisions”, that the standstill clause only applies to asset clarification and banks shall not recognize income on accrual basis if the interest is not serviced within 90 days from the due date.
    4. SEBI has issued consultation paper for Consolidation and re-issuance of debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.
    5. Today is the last day to Deposit of TDS by all assessee: 07/02/2017.
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