Updates:
- CBDT has extended its one-time tax dispute resolution scheme by a month, giving companies including Vodafone and Cairn Energy time till January 31 to accept its offer to settle retrospective tax demands.
- Manufacturer can avail Composition Scheme up to 50 lacs @ minimum 5%(2.5% CGST & 2.5% SGST) & Trader at 2%(1%CGST 1%SGST). NA to Service provider.
- Madras High Court has held that the assessee is entitled to Service Tax Credit on catering services. M/s IP Rings Ltd v. CESTAT Chennai.
- SEBI (Securities and Exchange Board of India) has established its own Investor Protection & Education Fund (IEPF).
- RBI issued Notifications / Circulars for
- Restriction on currency exchange for foreigners to continue till 31.01.2017.
- Supply of 40% bank notes / cash to bank branches in rural area
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