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Latest India Tax News 2 March 2017

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  • Latest India Tax News 2 March 2017

    1. CBDT clarified that Place of Effective Management (POEM) guidelines shall not apply to company other than an Indian company having turnover or gross receipts of Rs 50 crores or less in a financial year. CIR NO.8 OF 2017 [F.NO.142/11/2015-TPL]
    2. Extension to 08.03.17 of last date to file DVAT-16, DVAT-17 & DVAT-48 for Q3 of 2016-17.CIRCULAR NO. 25 of 2016-17.
    3. Retired VAT Officer can be appointed as member of VAT Tribunal: Case Name: Bihar Value Added Tax Act Vs Commercial Taxes Bar Association (Patna High Court)
    4. CBEC has launched a mobile application for Goods and Services Tax. The mobile application enables taxpayers to be well informed of the latest updates on GST.
    5. ICAI has submitted Post-Budget Memorandum to the Government and suggested certain amendments to the proposals contained in the Finance Bill, 2017 which would help the government to achieve the desired objectives.
    6. The government will consider the demands made by foreign retailers for allowing nonfood items such as home care products under the foreign direct investment (FDI) policy, Union minister.
    7. We are organizing an Educational and Spiritual Tour to Kerala from 5 June to 12 June. At Guruvayoor, Munnar, Thekkady, Alleppy, and Kovalam. All local stay, travel, food cost 24550/- and Airfare @ Rs. 13000/-. For reservations please call Mr. Tandon
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