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CBIC GST GUIDELINES
CBIC introduces deferred customs duty payment facility for manufacturers-importersThe Central Board of Indirect Taxes and Customs is launching a new facility for manufacturer importers. Approved companies can now defer cu...- No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBICNo GST on penal charges: The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) ...
- No GST on penal charges levied by banks, NBFCs: CBICGST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such charges being d...
- Got a GST violation notice? Check the notice as it can be fraudulent notice as wellCBIC warns taxpayers about fraudulent GST summons issued by impostors. Taxpayers should verify documents' authenticity through the CBIC web...
- Big relief for GST taxpayers: Protection against arbitrary arrest and coercion by GST officers; CBIC changes arrest and bail guidelines under GSTGST Arrest: Now a GST registered person can't be arbitrarily arrested and also coerced into admitting GST tax demand liability. This is bec...
- GST officers must explain 'grounds of arrest' to offenders, obtain acknowledgement: CBICGST officers must now explain the specific "grounds of arrest" to offenders and obtain their written acknowledgment, as per new CBIC guidel...
- CBIC issues fresh norm for recovery of GST duesThe CBIC issues a new guideline for taxpayers to address outstanding dues until the GSTAT is functional. Payments can be made via electroni...
- Curb on unfair GST demand recovery proceedings: GST official needs prior approval from higher authority to act within 3 months of demandGST demand order: If you have received a GST demand order, you can either it pay it or file an appeal against it. However if GST officials ...
- CBIC issues instructions for initiating early GST recoveryThe CBIC has authorized Principal Commissioners or Commissioners to demand GST dues within three months of a demand order if necessary for ...
- Only principal commissioners or higher officials can probe into GST, other sensitive matters: CBICThe Central Board of Indirect Taxes and Customs (CBIC) has made it mandatory for high-ranking officials, such as the principal commissioner...
- Rules for co-location: CBIC clarifies on place of supplyIn case of services delivered overseas from India or from outside the country, the Central Board of Indirect Taxes and Customs (CBIC) said ...
- Supriya Life, Blue Cross Labs, four others get GST summonsIn the last 15 days, more than 60 summons have been issued to companies across sectors including pharma, IT and chemical, multiple industry...
- CBIC issues guidelines for scrutiny of GST returns for FY 2017-18, FY 2018-19New Delhi: Central Board of Indirect Taxes & Customs (CBIC) on Tuesday issued standard operating procedure (SoP) for GST to streamline the ...
- Taxmen to give 'reasonable time' to business to explain reasons for mismatch in GSTR-1, 3B before recovery actionAs per the changes in the GST law effective January 1, GST officers were allowed to directly initiate recovery action against those errant ...
- GST officers told to block tax credit on basis of evidence, not just suspicionThe Central Board of Indirect Taxes and Customs (CBIC) said the commissioner, or an officer authorised by him, not below the rank of assist...
- CBIC asks GST officers to block ITC only on basis of evidence, not suspicionThe Central Board of Indirect Taxes and Customs (CBIC) said the commissioner, or an officer authorised by him, not below the rank of assist...
- GST evasion: CBIC asks field offices to exercise maximum caution, prudence in property attachmentIn the guidelines the CBIC listed out types of cases where provisional attachment can be considered to be resorted to subject to specific f...
- CBIC makes virtual hearing mandatory for GST appeal cases for expeditious disposalThe CBIC said the feedback received from trade and field formations on this indicated that the initiative has helped in speeding up passing...
- GST audit guidelines need to be reviewed to include video conferencing: ExpertsAs per the current goods and services tax (GST) audit guidelines, taxpayers have been broadly categorised into three groups based on their ...
- Two traders arrested for Rs 50 crore IGST refund fraudAn official explained that non-existent suppliers issued invoices for passing of the ITC utilised for payment of IGST on exported goods and...
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