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CBIC
Toll collection against construction services provided to NHAI taxable: Rajasthan HCRajasthan High Court ruled toll collection rights are taxable consideration for highway construction. This decision impacts public-private ...- CBIC allows remote clearance for sea cargoThe Central Board of Indirect Taxes and Customs has introduced new procedures for vessel entry and departure. Customs officers will now gra...
- Import tariff values for gold, silver raisedIndia's customs board has increased import tariff values for gold and silver. This move aims to manage import costs due to global commodity...
- DRI, Customs officers to intensify vigil on gold smuggling post import duty hikeRevenue intelligence and customs officials are preparing to tighten surveillance across airports, seaports and land borders after India rai...
- India, Kenya discuss possibility of trade settlement in local currenciesIndia and Kenya are exploring trade settlements in their own currencies. Discussions also covered digital payment systems like UPI. A joint...
- Goods moved from SEZs to domestic markets treated as imports; duty drawback applicable on re-exportsNew Delhi has clarified a key point for exporters. Goods moved from SEZ units to the domestic market, after paying duties, will now be cons...
- Government extends due date for March GSTR-3B filing to April 21The deadline extension comes after taxpayers experienced "technical difficulties" in return filing on April 20. In a notification on Tuesda...
- Extend GSTR-3B return filing deadline: Demand by advocates and CAs as the portal is not working properlyChartered accountants and tax professionals are demanding an extension for the GSTR-3B filing deadline, citing persistent issues with the G...
- Finance ministry may review MOOWR benefits for battery storage importsThe Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised conce...
- Direct vs indirect taxes: Key differences and how they impact taxpayers and prices in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 9...
- Petchem relief to cost Rs 1,800 crore in 3 months: GovernmentThe government anticipates a revenue loss of approximately Rs 1,800 crore over the next three months. This is due to measures being impleme...
- Courier export cap removed to boost ecomm shipments, cut logistics delaysStarting April 1, India has abolished the ₹10 lakh threshold on courier exports, a shift aimed at propelling e-commerce forward and support...
- Set up mechanism for grievance redressal in registration applications: CBIC to central GST officersThe CBIC has directed central GST officers to establish a grievance redressal mechanism for GST registration applications, requiring monthl...
- CBIC notifies rules for GST tribunalThe Central Board of Indirect Taxes & Customs (CBIC) has issued detailed rules for the GST Appellate Tribunal, effective April 24, specifyi...
- CBIC asks customs officers to complete inquiry in commercial fraud cases within a yearThe Central Board of Indirect Taxes and Customs (CBIC) has issued new guidelines for investigating export/import fraud cases. To ensure tra...
- CBIC issues revised guidelines for reporting arrest, smuggling incidentsCBIC revises guidelines for reporting arrests, smuggling, and commercial frauds. Field officers must share arrest and incident reports via ...
- Sanjay Kumar Agarwal takes charge as CBIC ChairmanAgarwal succeeds Vivek Johri who superannuated as CBIC chief on May 31. In an order issued on August 5, the finance ministry had appointed ...
- Government appoints Sanjay Kumar Agarwal as new CBIC ChairmanThe CBIC has also appointed Senior IRS officer Surjit Bhujabal as member investigation, CBIC. An 1989 batch IRS officer, Bhujbal was workin...
- Customs commissionerates not to issue reports interpreting law: CBICIn an instruction to all Principal Chief Commissioners of Customs, the Central Board of Indirect Taxes and Customs (CBIC) said in order to ...
- CBIC sets up 3 working groups to facilitate exports, curb tax evasionCBIC has constituted three Working Groups to study and recommend measures to facilitate trade, promote exports and improve compliance,” the...
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