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CBIC CIRCULAR
Govt waives customs overtime charges for cruise passengersInternational cruise passengers will no longer pay merchant overtime charges for customs clearance. This decision aims to boost cruise tour...- 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...
- Bombay HC stays GST demands on co-insurance premiumsThe Bombay High Court has granted interim relief to several insurance companies by staying GST demands on co-insurance premiums and ceding ...
- Businesses get relief as CBIC eases input tax credit rulesThe CBIC has clarified that businesses receiving post-sale discounts via credit notes without tax adjustments don't need to reverse input t...
- CBIC says DIN not required for GST notices issued via portal with reference numberCBIC has amended its earlier circular mandating Document Identification Number (DIN) for show cause notices and GST orders, stating that DI...
- Quoting DIN (document identification number) not needed in tax notices, clarifies CBICThe CBIC has clarified that a Document Identification Number (DIN) is not mandatory for GST communications generated through the common por...
- Automobile dealers can claim ITC on demo cars used for promoting sales: CBICThe CBIC has clarified that automobile dealers can claim input tax credit (ITC) under GST for demo cars used to promote sales. However, ITC...
- GST on corporate guarantees: Taxmen believe clarity will emerge only in SCThe issue of levying GST on corporate guarantees between related entities remains uncertain until the Supreme Court's final decision. The C...
- GST on corporate guarantees: SC to offer clarity, say officialsSeveral companies caught in the crosshairs of the GST authorities got a sense of relief last week after the Punjab & Haryana High Court sta...
- CBIC: Issue show cause within 2 yrs and 9 months of erroneous refundIn a clarification issued to its field formations, the CBIC said if the refund demand or show-cause notice is sent beyond the stipulated pe...
- CBIC raises monetary thresholds for customs offencesThere will be no prosecution against foreigners and non-resident Indians (NRIs) on detection of non-declaration of foreign currency, if it ...
- CBIC introduces facility of restoration of cancelled GST registrationThe move will provide relief to many taxpayers whose registrations were cancelled suo moto and the time period of application for revocatio...
- 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 allows import, export of goods without furnishing bonds to CustomsCBIC said importers and exporters will have to furnish an undertaking to the Customs authorities in lieu of the bonds till June 30.
- Maharashtra govt to issue own trade circulars as opposed to following CBICUnder GST, joint decisions are taken by Centre and states at the GST Council and implemented across the economy irrespective of tax jurisdi...
- High value cars, jewellery to become cheaper as TCS to be excluded in computing GSTThe CBIC in a circular said that the TCS amount would be excluded from the value of goods while computing the Goods and Services Tax (GST) ...
- Mechanism soon for speedy clearance to export consignmentsPresently, electronic copies of 'Let Export Order' and assessed copies of shipping bills are delivered online to the custodians and authori...
- CBIC sets up Help Desks’ for expeditious IGST refunds for MSME exportersThe Help desks would assist in resolution of IGST refund claims for MSME exporters as part of on-going ‘Refund Fortnight.
- GST to be levied on goods stored in customs warehouse only on final clearance: CBIC"The supply of goods before their clearance from the warehouse would not be subject to the levy of integrated tax," the CBIC said in a circ...
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