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...
02 Jul, 2023, 02.29 PM IST
GST officers bust 304 syndicates involving Rs 25,000 crore fake ITC claimsIn an ongoing drive against bogus firms, GST officers have busted 304 syndicates involving 9,000 fake GST identification numbers (GSTINs) a...
01 Jul, 2023, 05.57 PM IST
FM asks tax officers to strengthen GST registration process further by using technology"Smt @nsitharaman instructed that the GST registration process may be further strengthened using technology to curb entry of such fake enti...
16 Jun, 2023, 10.23 PM IST
India, US authorities working to 'quickly conclude' pact for faster customs clearancesTalking to reporters on the sidelines of a CII event, CBIC Chief Vivek Johri said the customs authorities of India and the US had discussio...
16 Jun, 2023, 02.27 PM IST
India examining recommendation to impose countervailing duty on Chinese steel imports"Recommendation has come from Directorate General of Trade Remedies and it is still under examination, we haven't taken a final decision," ...
16 Jun, 2023, 12.12 PM IST
India looks to tap mom-and-pop stores to boost tax baseThe GST - which subsumed a host of state and federal levies when it was introduced in 2017 - requires businesses with an annual turnover of...
16 Feb, 2023, 08.02 PM IST
Rs 1.5 lakh crore monthly GST collection has become the new normal: CBIC chief Vivek JohriThe gross GST revenue collected in January 2023 was Rs 1,55,922 crore. This was for the third time, in the current financial year, GST coll...
14 Feb, 2023, 04.37 PM IST
Will use property tax data, electricity bill to increase GST base: CBIC ChairmanCBIC Chairman said the board's strategy regarding GST is that collecting revenue is its target, along with that it is also necessary to inc...
14 Feb, 2023, 12.51 PM IST
Tax base to be widened with stricter audits: CBIC Chief Vivek Johri"We are looking at actively using audits and scrutiny for improving compliances. We have been able to achieve a big breakthrough in return ...
03 Feb, 2023, 12.19 AM IST
Monthly GST revenue at Rs 1.50 lakh cr to be new normal next fiscal: CBIC chiefMonthly GST collection is expected to average around Rs 1.50 lakh crore and it will be the 'new normal' in FY24 in view of concerted effort...
02 Feb, 2023, 05.31 PM IST
Duty reduction to impact customs, excise mop-up: CBIC Chairman Vivek JohriJohri said most of the growth has been coming from the Goods and Services Tax (GST), where revenues have been doing very well for the last ...
07 Dec, 2022, 11.55 PM IST
CBIC, Finance Ministry working together to ensure faster release of export cargoesCBIC Chairman Vivek Johri said the department is working on web registration of exports, which would reduce the average release time of con...
20 Oct, 2022, 06.19 PM IST
Firms with over Rs 5 cr annual turnover will soon have to generate GST e-invoices for B2B transactions: OfficialCBIC Chairman Vivek Johri said the GST Council, comprising finance ministers of the Centre and states, had decided to implement it in a pha...
07 Jul, 2022, 12.46 PM IST
CBIC to come out with SoP for enforcement actions by GST officersThe department also wants to improve data quality in the returns, besides a more systematised grievance redressal mechanism, particularly f...
01 Jul, 2022, 08.27 PM IST
Duty cut, commodity price may put pressure on custom and excise collectionWhile he attributed the collection to bounce back in economy, better compliance and use of technology in plugging revenue gaps, he also att...
12 May, 2022, 08.21 PM IST
Companies likely to face stiff queries from GST authoritiesCBIC chairman Vivek Johri has written to field formations asking them to ensure scrutiny is conducted in a time-bound manner. "Zonal chiefs...
12 Apr, 2022, 09.48 AM IST
Tax on digital assets could go up, govt mulling GST on crypto mining, supplyThe issue is being examined internally at CBIC and a proposal will be taken to the GST Council, CBIC chairman Vivek Johri said.
11 Feb, 2022, 10.05 AM IST