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<h1>India Amends Service Tax Rules: New Record-Keeping and Verification Requirements Under Rule 5A for Assessees</h1> The Government of India has amended the Service Tax Rules, 1994, effective upon publication in the official gazette. The amendment requires assessees to furnish a list of records maintained for accounting transactions, including services provided, input services, and financial records, by January 31, 2008, or at the time of their first return filing. Rule 5A is introduced, granting authorized officers access to registered premises for scrutiny and verification. Assessees must provide records, trial balances, and income-tax audit reports within fifteen working days upon request. The amendment aims to enhance revenue safeguarding through improved compliance and verification processes.