Monday, 29 May 2017

Some recent updates that you would not like to miss – 29.05.2017

1.   There are multiple returns under the GST regime. The most common used return will be GSTR 1, 2, 3, 4 & 9. GSTR 1, GSTR 2 & GSTR 3 will be submitted by all businesses on a monthly basis. GSTR 4 is submitted on a quarterly basis and GSTR 9 on an Annual Basis.

2.   Cabinet approves signing of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting by India.

3.   CIT couldn’t deny revision application filed by assessee merely on ground that no order was passed by A.O.: HC

4.   CBDT launches operation clean money portal to increase awareness about tax compliance.


Have a great day ahead!

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