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CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaulThe government is considering tighter compliance rules for bonded warehouses, including a 24-hour deadline to electronically report shortag...
India extends RoDTEP export support till Dec 2026; raises insurance cover to 95% amid West Asia disruptionThe government has extended the RoDTEP scheme for exporters until December 31, 2026, while raising insurance risk coverage to 95% for eligi...
Government extends RoDTEP export tax refund scheme by three months till December 31The government has extended the RoDTEP scheme until December 31, 2026, to support exporters amid challenges. This extension maintains the e...
ICICI Bank receives Rs 229 crore GST demand over minimum balance servicesICICI Bank has received a show cause notice from GST authorities regarding a ₹229.14 crore demand. This demand pertains to services provide...
Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
Fiscal path hinges on direct taxes as customs, excise revenues face pressure: ReportIndia's fiscal trajectory will increasingly depend on the strength of direct tax collections due to lower customs duties. Indirect tax reve...
Sebi, RBI join hands to make onboarding easier for FPIsIn a proactive move, the Securities and Exchange Board of India has teamed up with the Reserve Bank of India to enhance various regulatory ...
Ecommerce's festive push; Vertex's AI betsHappy Wednesday! Ahead of the festive sales, ecommerce giants are building out their supply chains. This and more in today’s ETtech Morning...
GST 2.0 revived demand. Now industry wants its tax credit unstuckThe GST Council is set to reconvene after a year to focus on reforming the input tax credit system. Recent surveys by KPMG and Deloitte hig...
India’s international trade in times of AIThe Age of AI needs trade governance that deploys natural intelligence in conjunction with artificial intelligence for a quantum jump in sp...
After GST exemption, retail policy base rises 11% for Star HealthExempting individual health insurance premiums from GST has led to increased policy adoption across various demographics. Star Health repor...
India-UK trade deal: CBIC eases paperwork for UK imports seeking preferential tariffsThe CBIC has made it easier for importers to claim preferential tariffs under the India-UK trade agreement. A valid origin declaration from...
Online fake goods sale: Scrutiny amplified ahead of festive rushAuthorities are increasing scrutiny of online sellers and imports before the busy festive shopping period. The Central Board of Indirect Ta...
AI, tech to scan cargo without disrupting trade: CBIC ChairmanThe shift is aimed at moving customs enforcement from physical inspection towards intelligence-led, technology-driven risk assessment, he s...
CBIC cuts paperwork in deferred customs duty scheme to boost MSME participation and ease cash flowThe CBIC is simplifying its deferred customs duty scheme for manufacturers. Paperwork has been reduced from ten documents down to just thre...
CBIC to step up outreach as EMI scheme struggles to attract manufacturersThe CBIC will conduct outreach programs to encourage EMI scheme adoption. Data and documentation requirements for the scheme have been subs...
Customs should accelerate AI usage to reduce cost, physical interface with trusted taxpayers: CBIC chiefIn a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit d...
GST growth comparisons can’t be 'apples and oranges' says CBIC; hits back at 'misleading' claimsThe CBIC stated that comparing GST revenue figures using different tax bases is misleading. Growth calculations must be made on a like-for-...
Customs portal aims to curb divergent assessment practicesThe Central Board of Indirect Taxes and Customs has introduced an innovative digital repository designed to assist importers and customs br...
CBIC eases documentation norms under Eligible Manufacturer Importer schemeThe CBIC has simplified enrolment under the Eligible Manufacturer Importer scheme, cutting required documents from 10 to three. From Septem...