India: Protocol to tax treaty with Israel; GST update

India: Protocol to tax treaty with Israel; GST update

The KPMG member firm in India has prepared reports about the following tax developments (read more at the hyperlinks provided below).

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  • Tax treaty update: A Protocol amending the income tax treaty (1996) between India and Israel has been “notified” in Notification No. 10/2017. Read a February 2017 report [PDF 348 KB]
  • GST update: The Goods and Service Tax (GST) Council concluded a February 2017 meeting and gave final approval to the GST Compensation Bill. The GST Council will meet in early March 2017 to discuss the GST laws, with an aim to table the laws before the Parliament in the second half of the session on the Union Budget 2017-18, set for 9 March 2017. Read a February 2017 report [PDF 279 KB]

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