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CBIC MEETING
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...- 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...
- No ITC benefit towards GST paid on commission on individual health, life policies from Sep 22From September 22, insurers cannot claim input tax credit (ITC) on commissions, brokerages, and other services for individual health and li...
- 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 2.0: CBIC clarifies social media claims about transition benefits under revised GST rules are falseThe CBIC has refuted a viral social media message claiming new GST transition benefits would be applicable from September 22, 2025, deeming...
- 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...
- 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...
- GST on rides: CBIC gives a week’s time to ecommerce firms to give views, promises clarificationA three-member team led by CBIC chairman Sanjay Kumar Agarwal met with representatives from the app-based transportation companies at North...
- Uber effect: CBIC to meet with ecommerce operators on Monday to resolve GST on ridesThe meeting comes in the wake of a September 25 direction from the Karnataka High Court to the CBIC to decide on Uber India’s representatio...
- CBIC issues circular to encourage women participation in tradeThe CBIC issued two circulars on International Women's Day to promote women participation in trade and gender-specific infrastructure facil...
- CBIC says no GST on GangajalThe Central Board of Indirect Taxes and Customs (CBIC) clarified that there is no Goods and Services Tax (GST) on Gangajal, despite claims ...
- 'Sops for RuPay, BHIM-UPI are subsidy, not taxable'The Central Board of Indirect Taxes and Customs (CBIC) Friday clarified that incentives paid by the Ministry of Electronics and Information...
- Ministry of Corporate Affairs signs pact with CBIC for data exchangeThe memorandum of understanding (MoU) will facilitate the sharing of data and information between MCA and CBIC on an automatic and regular ...
- CBIC asks Customs to check within 48 hours explosives stored in warehouses, portsCustoms authorities and field formations have been directed to verify and confirm within 48 hours that any hazardous and explosive material...
- CBDT and CBIC sign MoU for exchange of information on automatic and regular basis"Significant developments have taken place since the signing of earlier MoU in 2015 including introduction of GST, incorporation of GSTN an...
- GST Council to discuss waiver of late fee for August 2017 to January 2020 in next meetingThe issue of waiver of late fee for Goods and Services Tax (GST) for the past period (August 2017- January 2020) will be taken up in the ne...
- GST Council to discuss waiver of late fee for August 2017 to January 2020In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said, "Issue of GST late fee for the past period (August 2017 to January...
- FM holds meeting on GST simplification; similar meetings across country on Dec 7To highlight the problems faced by GST filers, the stakeholders attempted to file specific returns on a real-time basis in the meeting and ...
- Elections 2019: Taxmen told to step up vigilance to curb illegal flow of currency, liquorThe CBIC's instructions follow a multi-departmental meeting called by the Election Commission earlier in the month on sharing of intelligen...
- States to reach out to traders, industry to list out GST grievancesThe GST Council secretariat have been tasked to compile the suggestions and responses and send to the CBIC, which is the apex body for Indi...
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