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...
20 Apr, 2026, 09.26 AM IST
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...
16 Sep, 2025, 04.37 PM IST
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...
08 Sep, 2025, 02.57 PM IST
CBIC debunks social media claims of delay in grating GST registrationCBIC refuted social media claims of GST registration delays and corruption, clarifying that the applicant hadn't provided necessary details...
31 May, 2025, 12.34 PM IST
Set up mechanism for grievance redressal in registration applications: CBIC to central GST officersThe CBIC has directed central GST officers to establish a grievance redressal mechanism for GST registration applications, requiring monthl...
02 May, 2025, 11.07 PM IST
CBIC notifies rules for GST tribunalThe Central Board of Indirect Taxes & Customs (CBIC) has issued detailed rules for the GST Appellate Tribunal, effective April 24, specifyi...
26 Apr, 2025, 12.45 AM IST
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...
28 Jan, 2025, 10.04 PM IST
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...
25 Jan, 2025, 04.02 PM IST
Papad, irrespective of shape, is exempt from GST, says Central Board of Indirect Taxes & Customs"Papad, by whatever name known, is exempt from GST vide Entry No. 96 of GST notification No.2/2017-CT(R). This entry does not distinguish b...
01 Sep, 2021, 04.42 PM IST
CBIC starts special drive to clear pending GST refund claims by month-endIn an instruction to all Principal Commissioners of Central Tax formations, the CBIC said there is a need to focus on timely disposal of al...
16 May, 2021, 10.39 AM IST
Salaries paid to company directors not to attract GST: CBIC"The part of director's remuneration that are declared as 'salaries' in the books of a company and subjected to TDS under Section 192 of th...
10 Jun, 2020, 10.20 PM IST
CBIC clears Rs 11,052 cr GST refund claims since April 8Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief durin...
25 May, 2020, 03.25 PM IST
GST Analytics wing to identify risky suppliers to exportersLast year, the CBIC had detected several cases of firms availing credit fraudulently through refund of Integrated Goods and Services Tax on...
21 May, 2020, 04.03 PM IST
CBIC clears Rs 10,700 cr GST, customs duty refund in 16 daysIn the 'Special Refund and Drawback Disposal Drive', the CBIC officers have cleared over 1.07 lakh Goods and Services Tax and IGST refund c...
26 Apr, 2020, 05.37 PM IST
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) ...
10 Mar, 2019, 12.05 PM IST
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...
26 Jul, 2018, 12.48 PM IST
CBEC to be renamed CBIC by AprilThe official said since the CBR Act provides for constitution of separate boards of revenue for direct taxes and excise and customs, the na...
04 Feb, 2018, 05.49 PM IST