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CBIC CHIEF
Fuel duty cut to cost exchequer Rs 7,000 crore in two weeks: CBIC chiefThe Centre has reduced excise duty on petrol and diesel. This move is expected to cost the government around Rs 7,000 crore in revenue over...- CBIC to meet trade bodies, industry on smooth rollout of GST reformsThe CBIC is convening a meeting with industry associations to discuss the implementation of recent GST reforms and rate rationalisation, ef...
- GST collections may dip initially, but festive demand will offset: CBIC chiefIndia's CBIC anticipates a temporary dip in GST collections post the September 22 overhaul, as businesses utilize accumulated ITC. However,...
- Make GST registration easier using technology, risk-based parameters: FM Sitharaman to CBICFinance Minister Nirmala Sitharaman directed CBIC to simplify GST registration using technology and risk-based parameters, emphasizing tran...
- 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...
- Feasible & prudent to have three GST slabs: CBIC chiefIndia's GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will fi...
- Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC ChiefCBIC Chairman Sanjay Kumar Agarwal announced that decisions from the recent GST Council meeting, such as an amnesty scheme for initial GST ...
- 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 ...
- Increased monthly GST collections mainly on account of higher compliance: CBIC chiefThe Goods and Services Tax (GST) collection was Rs 1.87 lakh crore in April and in the first four months of the current fiscal, the collect...
- 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 ...
- CBIC mulling organisational restructuring to make it more effective, do away with overlappingThe CBIC is mulling a comprehensive restructuring of the organisation to make it more effective and remove overlapping, if any, as many of ...
- Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filingThe Central Board of Indirect Taxes and Customs (CBIC) in India is planning to introduce biometric authentication and geo-tagging in an eff...
- Centre, states working on property, discoms data sharing to widen GST payer base, says CBIC chiefCBIC chief Vivek Johri said one such pilot project is ongoing in Madhya Pradesh, while Gujarat is undertaking a pilot on PAN-based linkage ...
- CBIC asks taxmen to complete GST evasion investigations within a yearThe CBIC observed if the issuance of SCNs is pushed to close proximity of the end dates/last dates, it may leave very little time with the ...
- 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 ...
- Customs stations to set up 'Turant Suvidha Kendras' by July 15In a communication to all Principal Chief Commissioners of Customs and Central Tax, the CBIC said the step is being taken ahead of the pan-...
- 24x7 Customs clearance at all sea ports, airports till JuneIn February, the Central Board of Indirect Taxes and Customs (CBIC) had said 24x7 Customs clearance facility will be available at all sea p...
- GST Analytics wing to identify risky suppliers to exportersLast year, the CBIC had detected several cases of firms availing credit fraudulently through refund of Integrated Goods and Services Tax on...
- Govt identifies 5,106 'risky exporters' who have fraudulently claimed GST refundsThe CBIC assured genuine exporters that their refund claims would be processed in an automated environment and issued in a timely manner.
- Bogus IGST refund claims: Government to verify exporters' claims before sanctioningTax experts said the move to verify the refund claims would delay the process of refund issuances to exporters.
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